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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
09/25/201613:56:00Big Spending on Warplanes Spurs Aerial Arms Race
09/24/201605:59:00Foreign Jet-Fighter Makers Woo India
09/23/201613:27:00Lockheed Martin and Japan Celebrate Roll Out of Japan Air Self...
09/23/201609:00:00Revenues in Defense Technology Companies Surge in 2016
09/23/201606:40:00India Signs $8.7 Billion Deal with Dassault for Rafale Fighter...
09/22/201616:21:04Current Report Filing (8-k)
09/22/201612:30:00Lockheed Martin Declares Fourth Quarter 2016 Dividend
09/22/201612:30:00Lockheed Martin Increases Share Repurchase Authority by $2.0...
09/21/201621:11:00Connecticut to Pay Sikorsky for Hitting Job Targets
09/21/201616:56:00PAC-3 Destroys Tactical Ballistic Missile Target
09/21/201613:20:00India Clears Dassault's Rafale Fighter Jet Deal
09/21/201613:03:00Lockheed Martin Supports New USO Welcome Center in Orlando
09/20/201611:43:00Tech Breakthrough: Lockheed Martin Opens Advanced Bioenergy Plant
09/20/201608:58:00Lockheed Martin's Legion Pod Completes First F-15C Flight Test
09/19/201612:40:00New Air Force Bomber to Be Named the Raider
09/19/201612:30:00New Air Force Bomber to Be Named the Raider
09/19/201611:15:00U.S. Air Force Awards Lockheed Martin $87 Million Contract for...
09/19/201611:00:00NASA's $19 Million Contract Extends Lockheed Martin-Built IRIS...
09/17/201614:07:00Lockheed Martin-Led Team Launches Future USS Wichita
09/16/201603:03:00Boeing Calls Foul on Jet Contract -- WSJ

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