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Lockheed Martin Corp. welcomed the government's announcement that it maintained a long-term strategy announced in 2009 to buy as many at100 JSFs for $17 billion. "Lockheed Martin is honored by the trust and confidence the Australian government showed in the F-35 program with today's announcement," the company said in a statement. "Along with the first two Australian jets in production, which will deliver in mid-2014, we will work closely with the government to support their purchase of their remaining 100 F-35 aircraft," it added. Smith said a "modest increase" in defense spending will be announced on May 14 with the government's budget for the next fiscal year beginning July 1.
[Associated
Press;
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