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Saturday, June 17, 2006

Norway denies deal to buy Lockheed's F-35 jet

The Norwegian Ministry of Defense on Friday denied it has signed a letter of intent to acquire Lockheed Martin Corp.'s (LMT) F-35 Joint Strike Fighter.

Swedish newspaper Dagens Industri earlier Friday reported Norway had signed a letter of intent to buy the Joint Strike Fighter. The newspaper cited a Pentagon spokeswoman, Kathy Crawford, as the source of its report.

But a spokesman for the Norwegian Ministry of Defense told Dow Jones Newswires that Norway definitely hasn't made up its mind which fighter aircraft to buy. Such a decision was still some way off, the spokeswoman added.

Norway plans to buy 48 new jet fighters in 2008, in a deal expected to be worth about $5 billion, replacing its aging F-16 fighters.

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