Home / Contract Awards / Australia to Buy 58 Lockheed F-35 Jets for $12B

Australia to Buy 58 Lockheed F-35 Jets for $12B

F35Australia will purchase 58 Lockheed Martin (NYSE: LMT) F-35 fighter jets for nearly $11.64 billion in addition to the 14 planes the country ordered in 2009, Reuters reported Wednesday.

Matt Siegal and Andrea Shalal report that Australia intends to give its air force enough jets to create three operational squadrons and one training squadron through the new order.

Prime Minister Tony Abbott said at a news conference in Canberra that Australia will receive its first F-35 in 2018 and deploy an initial plane in 2020, the report said.

According to Bloomberg, Australia is buying the planes as it seeks to strike a balance in its relationships with both the U.S. and China.

Abbott told reporters in Canberra that the country holds an option to purchase 18 more F-35 jets, which would bring its total number of planes to 100, Bloomberg reports.

Check Also

5 Firms Land Spots Under $200M Army Environmental Remediation, Munitions Response Contract

Five companies have been awarded spots to compete for task orders under a potential five-year, …

Ball Aerospace to Deliver Main WFIRST Telescope Instrument Components Under $113M NASA Contract

Ball Aerospace and Technologies has received a $113.2 million contract to develop, build and test the …