Pentagon’s $525 Billion Budget Takes Most From Lockheed F-35

The Pentagon’s proposed $525 billion budget for fiscal year 2013 would seek the most savings on weapons by reducing purchases of Lockheed Martin Corp.’s F-35 Joint Strike Fighter, the military’s costliest program. The Defense Department would cut $1.6 billion from the F-35 program by eliminating 13 planned aircraft, part of $18 billion in weapons cuts proposed in the budget that President Barack Obama sent to Congress today for the year beginning Oct. 1.

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