Print Print    Close Close

Israeli Aerospace reaches deal with Lockheed to make wings for F-35 next generation warplane

Published January 13, 2015

Associated Press

Israel Aerospace Industries says it has signed a long-term contract with U.S. defense giant Lockheed Martin to produce wings for the F-35 next-generation fighter jet.

The state-owned company said Tuesday the contract is for 10 to 15 years and could generate up to $2.5 billion in sales. It says the wings will be made at an Israeli facility that already produces wings for Lockheed's F-16 warplane.

The F-35 is the Pentagon's most expensive weapons program, with an estimated cost of nearly $400 billion. The program aims to replace a wide range of existing aircraft for the U.S. and several partner countries.

The program has suffered repeated delays. The Pentagon briefly grounded its small fleet of F-35s in February after discovering a small crack in an engine turbine blade.

Print Print    Close Close

URL

https://www.foxnews.com/world/israeli-aerospace-reaches-deal-with-lockheed-to-make-wings-for-f-35-next-generation-warplane

  • Home
  • Video
  • Politics
  • U.S.
  • Opinion
  • Entertainment
  • Tech
  • Science
  • Health
  • Travel
  • Lifestyle
  • World
  • Sports
  • Weather
  • Privacy
  • Terms

This material may not be published, broadcast, rewritten, or redistributed. © FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. Do Not Sell my Personal Information - New Terms of Use - FAQ