Lockheed F-35 Purchases Delayed in Pentagon’s Fiscal 2011 Plan -- Business Week
Defense Secretary Robert Gates has directed the military to delay the Lockheed Martin Corp. F-35 program, cutting planned purchases by 10 aircraft in fiscal 2011 and a total of 122 through 2015, according to a budget document.
More than $2.8 billion that was budgeted earlier to buy the military’s next-generation fighter would instead be used to continue its development.
The delay is a setback for both Gates and Lockheed.
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More News On The F-35
DOD deception and projected cuts to the F-35 program in FY2011 -- DoD Buzz
Gates orders delay in buying Lockheed's F-35 fighter jets -- Star Telegram
Report: Delays, costs prompt Pentagon to cut F-35s -- Star Telegram
Lockheed says F-35 program not in trouble -- Reuters
Lockheed Says F-35 Program Not In Trouble -- New York Times/Reuters