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Wednesday, April 23, 2014

Australia to Buy 58 F-35 Joint Strike Fighters

F-35 Lightning IIAustralia said it would buy 58 Lockheed Martin Corp. F-35 Joint Strike Fighters in a deal worth about US$12 billion, making it one of the biggest international customers for the jet.

Australia, a close American ally, had planned to buy up to 100 F-35s to replace its aging fleet of F/A-18 Hornet fighters. The latest purchase will take its F-35 fleet to 72, with the option of acquiring an additional squadron in future, Prime Minister Tony Abbott said Wednesday.

The decision comes as other countries have also scaled back orders for the aircraft because of domestic budget constraints. International orders are crucial for the financial success of the stealth fighter, which has suffered myriad technical glitches and cost overruns and currently sells for over US$100 million.

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