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Friday, June 29, 2012

Japan Nails Down Purchase Of First Four F-35s

F-35 Lightning IIA letter formally committing Japan to buy the first four of 42 F-35s is expected to land in the hands of Lockheed Martin and U.S. government officials today or tomorrow. We heard this from two very well informed sources.

While Japan has formally announced its intention to buy -- and then warned the U.S. it would cancel the deal should the price rise too much -- this is the first official action by Japan that will result in the purchase of aircraft.

The four planes would be delivered in fiscal 2016.

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