All Stories: F-35

The US Defence Department plans to buy 404 Lockheed Martin Corp F-35 fighter jets over the next five years, a net decrease of 5 to 7 per cent from last year's plan, sources familiar with the plans told Reuters.

WASHINGTON: The Pentagon said on Friday it had awarded Lockheed a contract valued at $4.7 billion for an eighth batch of F-35 fighter jets that lowered the average price per jet by 3.5 percent from the last contract, and 57 percent from the first batch.

WASHINGTON: Lockheed Martin Corp and U.S. defense officials have reached agreement on the terms of a contract worth about $4 billion for an eighth batch of 43 F-35 fighter jets, sources familiar with the deal said on Thursday.

WASHINGTON: The U.S. military said it had grounded the entire fleet of 97 Lockheed Martin Corp F-35 fighter jets until completion of additional inspections of the warplane's single engine built by Pratt & Whitney, a unit of United Technologies Corp.