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Fri May 10, 2013, 08:43 AM

F-35 project to ‘earn Turkey $12 billion’


Turkey is one of nine countries that are part of a consortium to build the F-35.

F-35 project to ‘earn Turkey $12 billion’
ISTANBUL - Reuters

Turkey, a member of F-35 Joint Strike Fighters, will gain at least $12 billion by the end of the F-35 project in 2039, a senior executive of the U.S. aerospace industries company Lockheed Martin has said at the 11th International Defense Industry Fair (IDEF) being held from May 7 to 10 in Istanbul.

“We planned to build 3,100 jets by 2039 in the framework of the (F-35) project. It means a business worth around $12 billion for Turkey,” Steve O’Bryan, the Vice President of F-35 Business Development at Lockheed Martin, said on May 8.

Turkey is one of nine countries that are part of a U.S.-led consortium to build the F-35 fighter. The others are Britain, Canada, Italy, the Netherlands, Australia, Norway and Denmark. O’Bryan stated that if Turkey was not one of nine provider countries of the F-35 project, they could not have achieved it.

“Turkey obtained a contract worth $300 million from this project even though it has not made any jet orders. However, this amount will increase to $1 billion when jet orders start to be delivered,” he said.

unhappycamper comment: Lockheed Martin wants to spread the pain by outsourcing work on the F-35. By the way, Canada said NO to an F-35 purchase.

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