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Feb 14, 2024  · WASHINGTON (Reuters) -U.S. President Joe Biden wants an 18% cut in the number of F-35 jets the Pentagon buys next year after Congress' cap on the size of the …


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Team Biden Plans 18% Reduction In Lockheed Martin's F-35 …

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Feb 15, 2024  · The Biden administration is reportedly planning to slash the number of F-35 fighter jets ordered from Lockheed Martin Corporation LMT by 18% in the upcoming 2025 budget. …

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Feb 16, 2024  · Last spring, the Pentagon estimated it would need about $880 billion in 2025 and a total national defense budget of $929 billion. But the two-year budget deal struck in mid …

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Feb 14, 2024  · By Mike Stone WASHINGTON (Reuters) - U.S. President Joe Biden wants an 18% cut in the number of F-35 jets the Pentagon buys next year after Congress' ... Exclusive …

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FAQs about Exclusive-Biden slashes F-35 jet order 18% in 2025 budget ... - Yahoo Coupon?

Will Biden cut F-35 jets?

Two sources familiar with the situation said that U.S. President Joe Biden wants an 18% cut in the number of F-35 jets the Pentagon buys next year. This decision was reportedly made due to the Congress' cap on the size of the upcoming defense budget, which compelled the administration to find savings. ...

What is Biden's national security budget?

But the two-year budget deal struck in mid-2023 capped the 2025 defense budget at 1% above the $886 billion 2024 budget. As a result, Biden's total 2025 national security budget will be $895 billion. (Reporting by Mike Stone in Washington; Editing by Chris Sanders, Lisa Shumaker and Diane Craft) ...

How will a drop in F-35 orders affect Lockheed Martin?

The drop in F-35 orders could impact Lockheed Martin, which earns about a quarter of its revenue from the jet program. International demand for the jets, which cost somewhere between $80 million to about $120 million each depending on the type, remains strong. ...

How much money does the Pentagon need to buy a fighter jet?

Last year, the Pentagon projected it would buy 83 of the stealthy F-35 fighter jets from Lockheed Martin for $9.8 billion. Last spring, the Pentagon estimated it would need about $880 billion in 2025 and a total national defense budget of $929 billion. ...

How much will Biden spend on defense and national security?

The overall defense and national security budget request from Biden is expected to be $895 billion. This may result in deep cuts to various programs, delays to existing programs, and slowing efforts to build weapons stocks due to the depletion caused by conflicts in Ukraine and Israel. ...

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