Bloomberg News

Australia Expected to Affirm Plan to Buy 100 F-35s, Reuters Says

May 02, 2013

Australia is expected to affirm plans to buy as many as 100 Lockheed Martin Corp. (LMT:US) F-35 fighter jets when it releases its Defense White Paper tomorrow, Reuters said, citing defense sources and analysts it didn’t identify.

The paper will call for the purchase of 12 Boeing Co. EA- 18G Growler electronic warfare planes as a stopgap for the F- 35’s, which have been hampered by cost overruns and delays, Reuters reported.

Australia is expected to commit to building a fourth advanced air warfare destroyer, partly built by BAE Systems Plc and Spain’s Navantia SA, as well as advance with plans for 12 attack submarines, Reuters said, citing the defense sources.

To contact the reporter on this story: Jason Scott in Canberra at jscott14@bloomberg.net

To contact the editor responsible for this story: Rosalind Mathieson at rmathieson3@bloomberg.net


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Companies Mentioned

  • LMT
    (Lockheed Martin Corp)
    • $170.0 USD
    • -0.04
    • -0.02%
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