Japan Retains Confidence in F-35 Fighter, Defense Chief Says

Japan is confident Lockheed Martin Corp. (LMT)’s F-35 Joint Strike Fighter will overcome its development setbacks and expects to accept an initial order of four planes on schedule in 2016, Defense Minister Itsunori Onodera said. “Problems tend to occur when a plane is in development,” Onodera said today in an interview at his office in Tokyo. “We have heard nothing from the U.S. to say there will be a delay. We think the end result will be a good product.”

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