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Pentagon says not worried about F-35 costs/orders 'death spiral'

By Andrea Shalal-Esa NATIONAL HARBOR, Maryland (Reuters) - The Air Force general who runs the Pentagon's $392 billion F-35 program on Tuesday said he was fairly optimistic the new Lockheed Martin Corp fighter jet would survive the next round of U.S. budget cuts, but said he was determined to continue lowering its cost.

Exclusive: Belgium considers Lockheed F-35 to replace F-16s - source

WASHINGTON (Reuters) - U.S. government officials have briefed the Belgian government about the capabilities of the Lockheed Martin Corp <LMT.N> F-35 fighter jet, as Brussels prepares to replace its aging fleet of 60 F-16s, a source familiar with the matter told Reuters. The source, who was not authorized to speak publicly, said Belgium was considering buying 35 to 55 of the new radar-evading F-35 jets. No decisions are expected until late 2014 at the earliest.

Pentagon says not worried about 'death spiral' of F-35 costs/orders

NATIONAL HARBOR, Maryland (Reuters) - The Air Force general who runs the Pentagon's F-35 fighter program on Tuesday said communications with top contractors Lockheed Martin Corp and United Technologies Corp had improved greatly in the last year. Air Force Lieutenant General Chris Bogdan told the annual Air Force Association conference that the F-35 program was making slow but steady progress, and that he saw strong support from the U.S. military services and foreign partners.

S. Korea to announce winner of fighter jet project next week

By Kim Eun-jung SEOUL, Sept. 17 (Yonhap) -- South Korea will select the winner of its fighter jet project next week, with Boeing's F-15 Silent Eagle deemed a favorite as it is the only candidate to meet the 8.3 trillion won (US$7.2 billion) budget, the state procurement agency said Tuesday. The Defense Acquisition Program Administration (DAPA) has completed biddings and evaluations on three jets -- Boeing's F-15 SE, Lockheed Martin's F-35 and the EADS' Eurofighter -- and briefed President Park Geun-hye on the results last week.

Lockheed eyes 40 percent savings on next F-35 logistics contract

By Andrea Shalal-Esa WASHINGTON (Reuters) - Lockheed Martin Corp <LMT.N> said it is close to an agreement with the Pentagon for a more portable and 40 percent cheaper version of the operations and logistics system that controls the F-35 fighter, the Pentagon's most expensive weapons program.

Cleared for take-off: New Zealand's personalized jetpack gets flight permit

A specialised version designed for the military and first responders should be ready by mid-2014, while a simpler model aimed at the general public is expected to be on the market in 2015.

F-35 price cut in offing with new deal inked between Pentagon and aircraft-maker

OTTAWA - The maker of the controversial F-35 is touting the new lower cost of the stealth fighter in a new agreement signed with the Pentagon. Officials at Lockheed Martin say the price tag for the next two batches of the radar-evading jet built for the U.S., Australia, Italy, Norway and Britain will see successive price cuts of four per cent each year, and increased production.

Lockheed, Pentagon reach deal on 71 more F-35s: source

By Andrea Shalal-Esa WASHINGTON (Reuters) - Lockheed Martin Corp and the Pentagon have reached agreement on orders for the next two batches of F-35 fighter jets, a deal worth over $7 billion, a person briefed on the discussions told Reuters on Monday. The deal covers 71 of the radar-evading planes, with 36 jets to be purchased in the sixth production lot, and 35 in the seventh. The total includes 60 F-35s for the U.S. military, and 11 for Australia, Italy, Turkey and Britain.

US Navy to retrieve bombs it dropped over Barrier Reef

The United States Navy said Friday it will spearhead a search for four unarmed bombs it dropped over Australia's Great Barrier Reef and make sure they are safely removed. Two Harrier jump jets dumped their ordnance over the world-renowned marine park during a Australia-US training exercise which began on July 15 because civilian vessels were detected inside their original drop zone.

Lockheed hopes for next Pentagon deal on F-35 jets soon

By Andrea Shalal-Esa WASHINGTON (Reuters) - Lockheed Martin Co is making "good progress" in negotiations with the Pentagon about the next two batches of F-35 fighter jets and hopes to reach agreement soon, Chief Executive Marillyn Hewson said on Tuesday. Lockheed is building three models of the F-35 for the U.S. military and eight international partner countries: Britain, Australia, Canada, Norway, Turkey, Italy, Denmark and the Netherlands. Israel and Japan have also ordered the jet.
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