Tag Archives: F-35A Lighting II Joint Strike Fighter

Japan Releases $53B Defense Budget Focused on Shipbuilding, Fighters

Japan Releases $53B Defense Budget Focused on Shipbuilding, Fighters

A Japanese Air Self Defense Force F-35A Lighting II Joint Strike Fighter in 2021. JSDF Photo

Japan’s Ministry of Defense requested on Thursday a record defense budget of $53 billion for Fiscal Year 2024, an increase over FY2023’s budget of $46.8 billion. The increased request reflects the Kishida administration’s intention to boost defense spending and capabilities over the next five years, though the final decision will be made by the Finance Ministry in December. Read More

Lockheed Martin Says New F-35 Supplier Contracts Will Reduce Aircraft Costs

Lockheed Martin Says New F-35 Supplier Contracts Will Reduce Aircraft Costs

An F-35C Lightning II fighter jet, attached to the “Argonauts” of Strike Fighter Squadron (VFA) 147, flies in formation for a photo exercise in Lemoore, Calif., on Nov. 16, 2018. US Navy Photo

F-35 Lightning II Joint Strike Fighter lead-contractor Lockheed Martin reconfigured a host of its contracts with its suppliers to lower the aircraft price tag, improve readiness and control ongoing maintenance costs.

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