Thursday, February 4, 2010

F-35 News Updates -- February 4, 2010

The projected costs of the F-35 program have risen to $298.8 billion from an early estimate of about $200 billion. Lockheed Martin

Gates Defends F-35, Rejects Increase In F/A-18s -- Reuters

WASHINGTON, Feb 3 (Reuters) - Top Pentagon leaders on Wednesday underscored their commitment to the Lockheed Martin Corp (LMT.N) F-35 fighter program and challenged some of the arguments Boeing Co (BA.N) is hoping could help it sell more of its F/A-18 fighters before production of the F-35 gets into full swing.

Defense Secretary Robert Gates said recent data showed that a multiyear contract for new Boeing F/A-18 fighters would save only 6.5 percent in procurement costs, far short of a 10 percent threshold for signing such long-term agreements.

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More News On The F-35

Gates Tries to Get F-35 Program Back on Course -- New York Times
Gates tells panel delivery of F-35 remains on time -- The Hill
Senators back GE engine funds -- Boston.com
US Navy admiral to head F-35 program - analyst -- Reuters
JSF May Get U.S. Navy Boss -- Aviation Week
Leadership turmoil hits F-35 programme -- Flight Global
Lockheed Reacts to F-35 Firing -- Defense News
JSF Chief’s Career Crashes, Another Plane Takes Off -- Defense Tech
Lockheed under fire from Pentagon -- Financial Times
Lockheed: Still Negotiating With US Government Over F35 Performance Fees -- Wall Street Journal
Lockheed vows to beat performance targets on F-35 -- Reuters
STOVL F-35 - Progress Report -- Aviation Week
No Surprise in the F-35 Joint Strike Fighter -- Center For Defense Information

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