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Israel Signs F-35 FMS Agreement

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The Israeli government has signed a contract to buy F-35 Joint Strike Fighter aircraft to replace the country's aging fighters, prime contractor Lockheed Martin [LMT] said recently. Under the contract signed in New York yesterday by Ehud Shani, director general of the Israeli Ministry of Defense, Israel will get 20 F-35s in 2016, with an option for up to 55 more jets. The initial deal is worth $3 billion. "We're very pleased with the government of Israel's decision to move…

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