Panetta Says Budget Cuts May Kill Lockheed’s F-35 Jet
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U.S. Defense Secretary Leon Panetta told Senators John McCain and Lindsey Graham that defense budget cuts of as much as $1 trillion may lead to the termination of Lockheed Martin Corp.’s F-35 jet.
In a letter today to the two Republican lawmakers, Panetta said reductions beyond the $450 billion, 10-year defense budget cuts already planned would reduce the “size of the military sharply.”