Pentagon May Cut Production For Lockheed's F-35 -Reports

The Pentagon is proposing delays and production cuts for the F-35 Joint Strike Fighter through 2015, in a setback for Lockheed Martin Corp. (LMT), on concerns that the military contractor has fallen behind schedule on development and testing, according to media reports Thursday.

The Defense Department will release its official budget request for fiscal 2011 on Feb. 1, and a representative said there have been no final decisions and no official statement on the reported cuts.

Lockheed Martin, Bethesda, Md., said the total number of planes would be the same, though some would be pushed out into later production.
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