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thedrifter
04-19-07, 05:12 PM
The Associated Press April 19, 2007, 5:09PM EST
Pentagon approves funding for F-35 jet
WASHINGTON

The Pentagon on Thursday signed off on initial production of the Joint Strike Fighter, a single-engine military fighter jet, after a senior advisory panel approved the terms of the deal.

The Bethesda, Md.-based defense contractor is expected to deliver the F-35s to the Marines, Air Force and Navy. It is one of the largest defense spending programs ever with an expected cost of $276 billion.

"We're pleased with today's decision for the first full funding of the F-35 production aircraft," said Tom Jurkowsky, a spokesman for Lockheed. "This decision signals the true beginning of more than 30 years of production."

Ellie