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Minister: Italy To Order Fewer F-35 Fighter Jets - Report

ROME -(Dow Jones)- Italy will buy fewer F-35 fighter jets than initially planned, the country's defense minister said Wednesday, La Repubblica reports on its website. Italy had planned to order 131 of the joint strike fighters, but will now purchase 90, Defense Minister Giampaolo Di Paola told the joint parliamentary defense committees, the paper reports. He also outlined a plan to "improve operational efficacy" by cutting Italy's armed forces by 43,000, or almost a quarter, over the next five or six years. The U.K. has also signaled it may downsize its order of the F-35 plane made by Lockheed Martin Corp. (LMT). -Rome Bureau, Dow Jones Newswires; +39 06 6976 6920

Stock News for Lockheed Martin (LMT)
DateTimeHeadline
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11/19/201411:31:25Europeans Commit to EUR1 Billion Eurofighter Upgrade -- Update
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10/23/201420:18:58Lockheed, Pentagon Reach Agreement on F-35 Contract
09/11/201412:05:13ThalesAleniaSpace Replacing U.S. Components on Russia-Bound Satellite
09/03/201412:58:52Pentagon Close to Identifying F-35 Engine Problem -- Update
08/09/201409:56:36Hagel Says U.S., India Should Jointly Develop, Produce Arms
07/15/201417:04:43Safety Concerns Force Cancellation of F-35's Air Show Appearance
07/10/201410:39:21Makers of F-35 Combat Jets to Help Keep Cost of Fighter Plane...
06/18/201411:54:45United Launch CEO Confident on Russian Engine Deliveries
06/16/201408:32:38Airbus, Safran to Combine Space-Launcher Activities -- Update

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