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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
04/23/201408:06:04Kongsberg Gruppen Gets NOK160 Million F-35 Joint Strike Fighter...
04/23/201402:57:11Australia to Buy 58 F-35 Joint Strike Fighters
04/22/201417:30:11MARKET SNAPSHOT: U.S. Stocks Gain; S&P 500 Extends Streak To...
04/22/201417:22:59Lockheed Boosts 2014 Profit Guidance, Posts Gains in1st Quarter...
04/22/201414:38:17MARKET SNAPSHOT: U.S. Stocks Rise; Netflix Jumps On Results
04/17/201417:04:26Pentagon Official Criticizes Pratt & Whitney Over F-35 Costs
04/16/201415:01:22Lockheed Martin's F-35 Fighter to Make Overseas Airshow Debut...
03/28/201412:30:42Five Killed in Indian Air Force's Super Hercules Crash
03/26/201415:35:23Efforts to Cut F-35 Costs Hinge on Foreign Partners
03/24/201416:20:06Lockheed Says Overseas F-35 Sales Goal Intact
03/24/201405:09:15Lockheed Martin Says South Korea Selects F-35A Lightning II Aircraft
03/14/201418:00:33Lockheed CEO's Compensation More Than Doubled -- Update
03/14/201416:23:17Lockheed CEO's Compensation More Than Doubled
03/05/201420:34:37Senior Senate Democrats Prod Pentagon To Start Competing Satellite...
03/04/201418:21:28Pentagon Plans to Fund New Sikorsky Helicopter
03/04/201416:17:54Pentagon Eyes Boost for Aircraft, Missile Defense
03/04/201413:01:05As Pentagon Budget Shrinks, Spending Points to Future Priorities
02/28/201418:36:22India Hopes to Regain Top U.S. Aviation Safety Rating
02/21/201418:34:03Sikorsky to Cut 600 Jobs, Secures Turkey Deal
02/19/201417:59:03Germany's Decision to Cancel Eurofighter Jet Order Narrows Field...

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