Lockheed Martin Corp. (LMT), the world’s largest defense company, is counting on stealth technology to beat Boeing Co. (BA) and Eurofighter GmbH in a Japanese fighter contest that may be worth more than $4 billion.
‘Stealth capabilities are clearly an area of focus for the Japanese,’’ Caffrey said. “It’s a key advantage for the F-35 over the rest of the competition.”
Japan will accept bids this month to supply about 40 fighters as it bolsters air defenses to counter military developments in China and North Korea. The contest comes as Lockheed sheds jobs because of projected cuts in U.S. defense spending, which may include a reduction in F-35 orders, and after the Bethesda, Maryland-based company missed out on an $11 billion Indian order for fighters this year.
Source: Chris Cooper, Sabine Pirone and Kiyotaka Matsuda for Bloomberg.
Image: Tosaka Lockheed Martin Corp. (LMT), the world’s largest defense company, is counting on…
by Tactical-Life.com / Sep 2, 2011