F-35s. Lockheed Martin via Air ForceU.S. Slowdown On F-35 Jet Buy To Raise Cost: Lockheed -- Reuters
A U.S. plan to drag out purchases of the F-35 Joint Strike Fighter jet will increase the total cost paid by the United States and international allies, Lockheed Martin (LMT.N) said on Tuesday.
"It will raise the overall average cost of the total procurement of all the airplanes bought," Tom Burbage, head of Lockheed Martin's F-35 program, said after the Pentagon announced it would slow procurement of the fledgling radar-evading aircraft.
The Pentagon on Monday confirmed plans to postpone production of 179 F-35s over the next five years to save $15.1 billion, including $1.6 billion by funding 13 fewer aircraft in fiscal year 2013.
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