Japan Selects Lockheed Martin F-35 Lightning II
"We are honored by the confidence the Japanese government has placed in the F-35 and our industry team to deliver this 5th Generation fighter to the Japan Air Self Defense Force," said Bob Stevens, Lockheed Martin chairman and chief executive officer. "This announcement begins a new chapter in our long-standing partnership with Japanese industry and builds on the strong security cooperation between the U.S. and Japan."
The Global Military Aircraft Market 2011-2021
Global participation is a centerpiece of the F-35 program and essential for its success and affordability through economies of scale. The program is comprised of nine partner nations: the United States, United Kingdom, Italy, Netherlands, Turkey, Canada, Australia, Denmark and Norway. The United Kingdom and Netherlands have ordered test aircraft, and Italy and Australia have committed long-lead funding for their initial operational aircraft. In October 2010, Israel selected the F-35A as the Israel Air Force's next generation fighter and is scheduled to receive the F-35 through the U.S. government's Foreign Military Sales process.
The F-35 Lightning II is a 5th Generation fighter, combining advanced stealth with fighter speed and agility, fully fused sensor information, network-enabled operations and advanced sustainment. Lockheed Martin is developing the F-35 with its principal industrial partners, Northrop Grumman and BAE Systems.
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Source : Lockheed Martin Corporation (NYSE: LMT)