BREAKING NEWS

Pentagon, Lockheed finalize contract for fifth lot of F-35s

By REUTERS

DECEMBER 15, 2012 03:37

WASHINGTON - The US Defense Department said on Friday it has finalized a contract for the purchase of a fifth batch of radar-evading F-35 fighter aircraft from Lockheed Martin Corp., a deal worth $3.8 billion for 32 of the advanced planes.

The F-35 Joint Strike Fighter is the costliest weapons program in US history.

The Pentagon will pay about $107 million apiece, or about 4 percent less than the previous contract, for each of the 22 conventional takeoff and landing jets in the deal, sources familiar with the agreement said this week.

It paid $111.6 million for the Air Force version of the plane in the previous contract.

The deal, the fifth Low Rate Initial Production contract, also includes three Marine Corps versions of the plane, which can land vertically, and seven Navy models, which can be used on aircraft carriers.

IAI CEO lighting torch on Independence Day

By JERUSALEM POST STAFF

05/05/2024 09:04 AM

IDF Chief of Staff pens letter for Holocaust Remembrance Day

By JERUSALEM POST STAFF

05/05/2024 07:32 AM

Rocket sirens sound in the Upper Galilee

By JERUSALEM POST STAFF

05/05/2024 07:19 AM

Heavy rains in southern Brazil kill nearly 60, over 70 still missing

By REUTERS

05/05/2024 04:13 AM