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Pentagon's budget plan funds 404 Lockheed F-35 jets - sources

F-22Raptor

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The U.S. Defense Department plans to buy 404 Lockheed Martin Corp (LMT.N) F-35 fighter jets over the next five years, a net decrease of 5 to 7 percent from last year's plan, sources familiar with the plans said on Friday.

The orders will amount to about $40 billion in new revenue for Lockheed, the Pentagon's No. 1 supplier, and engine maker Pratt & Whitney, a unit of United Technologies Corp (UTX.N).

The revised procurement numbers will be released on Tuesday when the Pentagon issues its fiscal 2017 budget and the new five-year plan, said the sources, who were not authorized to speak publicly before the budget release.

The change in the Pentagon's plan for the $391 billion weapons program defers orders for 45 Air Force jets, compared with last year's plan, while accelerating orders for the Navy and Marine Corps models of the aircraft, the sources said.

The Pentagon still plans to buy a total of 2,457 jets for all three military services in coming years, they added.

The Pentagon's plan does not include an estimated 260 international F-35 orders over the five-year period, said the sources. Those orders could rise further over the period given potential orders from countries including Finland, Denmark, Belgium and Singapore, the sources said.

The new plan calls for the Air Force to buy 243 F-35 jets through fiscal 2021, 45 fewer than planned, as the service juggles funds to pay for a new long-range bomber to be built by Northrop Grumman Corp (NOC.N), and KC-46A refueling planes to be built by Boeing Co (BA.N).

It calls for the Navy and Marine Corps to buy 64 F-35C jets, which can take off and land on aircraft carriers, over the next five years, and 97 F-35B jets, which can land like a helicopter, the sources said.

Defense Secretary Ash Carter this week announced plans to buy 13 more F-35 fighter jets for the Navy and Marine Corps than planned last year, but he did not disclose the total number of jets to be purchased across the department.

Two sources said the plans could actually represent an increase of 21 F-35 jets for the Navy and Marine Corps over the five-year period. No comment was immediately available on the discrepancy from Carter's office.

The U.S. Marine Corps declared an initial squadron of 10 of its F-35B model jets ready for combat last July.

The Air Force is due to follow suit in August, followed by the Navy in late 2018 or early 2019.

Exclusive: Pentagon's budget plan funds 404 Lockheed F-35 jets - sources | Reuters
 
265 Already built ( including prototypes )
404 More, haters where are thou.


Paging @mil-avia with his stupid predictions tht the F35 will be canceled before 500 are built ....with US and its allies,there are now firm,contracted,budgeted orders for over 700 :)))))

meanwhile in Russia......they ordered 12 PAK FA by 2020 :)))
 
Paging @mil-avia with his stupid predictions tht the F35 will be canceled before 500 are built ....with US and its allies,there are now firm,contracted,budgeted orders for over 700 :)))))

meanwhile in Russia......they ordered 12 PAK FA by 2020 :)))

F35 is so powerful that it destroys or will destroy every European air forces budgets. :lol:

*Runs away.
 
F35 is so powerful that it destroys or will destroy every European air forces budgets. :lol:

*Runs away.


hahaha...but seriously man,looking at today's prices i don't think an F35 is beyond a Typhoon or a Rafale ,price wise.And,the more orders will come,the cheaper it will get.

Now,undisputed,it has some glitches, but it's normal with new technology,those will be solved once the program preses on.
 
lol,now he brings superstition to the thread
Haters gonna hate...who cares? The U.S and U.K will keep churning out more F-35, which is ahead of any operational and upcoming fighter jet in the world today. :pop:

The Pentagon still plans to buy a total of 2,457 jets for all three military services in coming years, they added.
WOW....Even the U.K who is a tier 1 partner is getting just over 140 jets(though with option for more these coming decades)........The U.S is getting 2,457?? :o:
JEEZZZ....That a crazy number....means the U.S will obviously keep dominating the world's skies for a longgggg time to come. Respect should be given when due.:usflag:
 
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