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Thursday, January 26, 2012

Lockheed F-35 Said to Be Cut by 13 Planes in Pentagon’s Budget

F-35 Lightning IIThe Pentagon will propose spending about $9.2 billion to buy 29 Lockheed Martin Corp. F-35 jets in its fiscal 2013 budget, 13 fewer than previously planned, U.S. officials said.

The reduction is part of a decision to delay purchasing 179 of the Joint Strike Fighters beyond 2017 to continue development, testing and correction of deficiencies, according to the officials, who spoke on condition of anonymity yesterday in advance of a Defense Department announcement.

Defense Secretary Leon Panetta is scheduled to outline the Department of Defense budget proposal today at the Pentagon, part of an effort to cut $488 billion, or 8.5 percent, from $5.62 trillion in spending that had been planned for 2012-2021.

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