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Japan Selects F-35 In Boost For JSF Program

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Japan has selected Lockheed Martin [LMT]'s F-35 as its next generation fighter, giving the beleaguered Joint Strike Fighter program a major boost and an opening to additional foreign sales. The Japanese Defense Ministry announced recently that F-35 Lightening II had won the competition over Boeing's [BA] F/A-18 and Eurofighter's Typhoon. Lockheed Martin will build 42 of the planes with delivery starting in 2016 at a unit cost of 9 billion yen ($115 million), including spare parts. Japan's purchase of the…

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