Space News Roundup – December 2012

Lockheed wins $1.9 billion contract for two U.S. satellites Lockheed Martin has won a contract valued at $1.9 billion to build two additional advanced military...

Japan Issues Warning That The F-35 Purchase May Be Cancelled

F35 for Japan
On Wednesday, Feb 29, 2012 Japan’s Minister of Defense announced that Japan may be compelled to cancel its $4.7 billion order for 42 Lockheed Martin F-35 fifth-generation Joint Strike Fighters unless the manufacturer and the United States government can guarantee that the proposed deadlines will be met and deliver assurances that proposed costs are confirmed. A formal contract is scheduled to be signed this summer or earlier.

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