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Thursday, January 07, 2010

Lockheed F-35 Purchases Delayed in Pentagon’s Fiscal 2011 Plan

F-35 Lightning IIDefense Secretary Robert Gates has directed the military to delay the Lockheed Martin Corp. F-35 program, cutting planned purchases by 10 aircraft in fiscal 2011 and a total of 122 through 2015, according to a budget document.

More than $2.8 billion that was budgeted earlier to buy the military’s next-generation fighter would instead be used to continue its development.

The delay is a setback for both Gates and Lockheed.

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