Pentagon to buy 404 Lockheed F-35 jets: Sources

‘The US Defense Department will buy 404 Lockheed Martin Corp F-35 fighter jets during the next five years, according to sources familiar with the plan.

The purchase will be equal to approximately $40 billion in new revenue for Lockheed, which is the Pentagon’s No. 1 supplier, and engine maker Pratt & Whitney, a unit of United Technologies Corp, Reuters quoted the sources as saying on Friday.

The Pentagon will disclose the revised procurement numbers on Tuesday, the day when it also issues its fiscal 2017 budget as well as the new five-year plan.’

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