House Panel Endorses Pentagon Plan for 29 of Lockheed’s F-35s

A House Armed Services Committee panel endorsed without cuts Pentagon plans to fund 29 Lockheed Martin Corp. (LMT) F-35 fighters, it said today.

The Pentagon in its fiscal 2013 budget requested $9.1 billion for the fighters, including $6.1 billion in procurement spending.

The House committee’s airland panel endorsed the 29. Its recommendation must be approved by the entire committee next week in its review of the spending plan.

To contact the reporter on this story: Tony Capaccio in Washington at acapaccio@bloomberg.net

To contact the editor responsible for this story: John Walcott at jwalcott9@bloomberg.net

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