Minister: Italy To Order Fewer F-35 Fighter Jets - Report

Date : 02/15/2012 @ 4:49AM
Source : Dow Jones News
Stock : Lockheed Martin Corp. (LMT)
Quote : 289.12  0.0 (0.00%) @ 6:33AM

Minister: Italy To Order Fewer F-35 Fighter Jets - Report

Lockheed Martin (NYSE:LMT)
Historical Stock Chart

5 Years : From Jul 2012 to Jul 2017

Click Here for more Lockheed Martin Charts.

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

Latest LMT Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.