January 07 2011
The Pentagon is modifying the F-35 Joint Strike Fighter program and slowing its production, Reuters reports.
Defense Secretary Robert Gates announced a number of changes on Thursday, saying the moves would save about $4 billion over the next five years.
Lockheed will build 325 F-35s through fiscal 2016, instead of the 449 originally planned. Development of the fighter is now slated for completion in early 2016 instead of mid-2015, according to Gates.
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