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Friday, December 12, 2014

Italy to run F-35 fighter jet service center

Joint Strike FyraItaly's defense minister and the U.S. ambassador to Italy have announced that an Italian site run by defense contractor Finmeccanica has been designated as the maintenance center for all F-35 fighter jets based in Europe.

The deal, announced in Rome Thursday, will be a boost for Italy, which is suffering from double-digit inflation and withering investments.

It will also help Finmeccanica, whose image was tarnished by corruption allegations surrounding a helicopter contract for India.

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