Italy Opts Against Taking Part In International F-35 Fighter Aircraft Program
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[October 13, 2008]

Italy Opts Against Taking Part In International F-35 Fighter Aircraft Program

(InvesTrend Via Acquire Media NewsEdge)
October 13, 2008 (FinancialWire) -- Lockheed Martin Corp. (NYSE: LMT)
said that Italy has decided against taking part for now in a coming
stage of the international F-35 fighter aircraft program.
Lockheed s chief F-35 subcontractors are Northrop Grumman Corp. (NYSE:
NOC) and BAE Systems and two rival, interchangeable F-35 engines are
under development, with one being built by United Technologies Corp. s
(NYSE: UTX) Pratt & Whitney unit, and the other by a team of General
Electric Co. (NYSE: GE) and Rolls Royce Group Plc.
F-35 competitors include Saab's Gripen, the Dassault Rafale, MiG-35 and
Sukhoi Su-35, and the Eurofighter Typhoon, made by a consortium of
British, German, Italian and Spanish companies.
The United States currently plans to buy a total of 2,443 F-35 models,
including 1,763 for the U.S. Air Force and 680 for the Marine Corps and
Navy together.
The F-35 is a family of radar-evading fighters designed to replace
aircraft of the United States and eight co-development partners,
including Italy, as well as other potential buyers. It is the costliest
U.S. arms acquisition program ever at a projected $299 billion.
Britain and the Netherlands are the only other F-35 co-development
partners scheduled to participate in the initial operational test and
evaluation program. Data from this program is to be shared with all


partners.
FinancialWire is a fully independent, proprietary news wire service of
Investrend Information (a division of Investrend Communications, Inc.).
FinancialWire news is written by professional journalists, dedicated
to pure journalistic standards. FinancialWire does not receive or
accept any compensation from any individual or subject company (or
representative thereof) for its news or opinions. All FinancialWire
news is available at http://www.financialwire.net . Please address any
inquiries to feedback@financialwire.net .
Free annual reports for companies mentioned in the news are available
at http://investrend.ar.wilink.com/?level=279 .

(Distributed for Investrend Communications, Inc. via M2 Communications
Ltd (www.m2.com))



Copyright ? 2008 M2 Communications Ltd.

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