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Factbox: What does Lockheed's F-35 fighter jet really cost?

Lockheed Martin Corp is developing and building the F-35 Joint Strike Fighter, the Pentagon's most expensive weapons program, for three U.S. military branches and eight international partners.The Pentagon released new cost projections for 78 major weapons programs on Thursday, including the F-35 program which showed the first decline in cost after years of increases and restructurings.The partners who are helping fund the F-35's development include Britain, Australia, Canada, Turkey, Italy, Norway, Denmark and the Netherlands.Israel and Japan have also placed orders and Singapore may soon follow suit, according to U.S. government sources. Lockheed is also bidding for a 60-fighter order from South Korea.Following are some key figures about the F-35 program:COST OF THE OVERALL PROGRAM* Senior Pentagon officials have said they consider that price tag unaffordable. Program officials are taking steps to reduce the projected operating cost, including hiring engine maker Pratt & Whitney, a un...

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  1. MARKET SNAPSHOT: U.S. Stocks Notch Records, Fourth Week Of Gains

    U.S. stocks on Friday advanced to a fourth weekly gain, with both the Dow industrials and the S&P 500 at all-time closes, after data cast a positive spin on the econ...

  2. MARKET SNAPSHOT: U.S. Stocks Rise Toward Fourth Week Of Gains

    U.S. stocks on Friday advanced towards a fourth weekly gain, with both the Dow industrials and the S&P 500 poised for record closes, after data cast a positive spin ...

  3. Northrop Grumman Raises Dividend By 11%

    Northrop Grumman (NYSE:NOC) raised its dividend by 11% on Wednesday to 61 cents a share on the heels of last month's better-than-expected earnings.The Falls Church, ...

  4. Boeing aims to keep building F/A-18 jets through 2020

    Boeing Co could keep building its Super Hornet fighter jet and a modified electronic attack version through 2020, the company said, given prospects for over 200 fore...

  5. U.S. arms makers boost earnings, shares surge

    U.S. weapons makers reported higher-than-expected profit and improved margins for the first quarter, even as revenue began to taper off after more than a decade of s...

  6. Arms makers boost earnings, but revenues weakening

    Top weapons makers reported higher-than-expected profit and improved margins for the first quarter, even as revenue began to taper off after more than a decade of sh...

  7. Northrop Grumman Sales, Earnings Beat Forecasts

    Northrop Grumman Corp reported higher-than-expected first-quarter earnings and sales on Wednesday and stood by its previous forecast for the full year despite what i...

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