Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA) are among the companies Japan has contacted to potentiallyÂ participate inÂ the country’s planned $40 billion fighter jet program, E&T Magazine reported Thursday.
Jack Loughran writes Japan plans to release a tender for 100 fighter planes after a Tuesday deadlineÂ onÂ a solicitation for expressions of interest fromÂ domestic and foreign companies.
The report saidÂ Japan also invited Mitsubishi Heavy Industries to participate in the F-3 fighter jet program as part of the country’s effort to step up air defense amid maritime tensions with China.
The government of Japan is set to make a final decision by summer 2018 and the warplanes are scheduled for deployment byÂ the end of the 2020s, the magazine reports.
Loughran writes the planned fighter jet is intended to replace Japan’s Mitsubishi-builtÂ F-2 multirole fighter jets and operate alongside Lockheed-builtÂ F-35 fighters and Boeing-built F-15Js jets.