AGL 40.39 Increased By ▲ 0.39 (0.98%)
AIRLINK 127.51 Increased By ▲ 0.47 (0.37%)
BOP 6.61 Decreased By ▼ -0.06 (-0.9%)
CNERGY 4.49 Decreased By ▼ -0.02 (-0.44%)
DCL 8.56 Increased By ▲ 0.01 (0.12%)
DFML 42.05 Increased By ▲ 0.61 (1.47%)
DGKC 87.25 Increased By ▲ 0.40 (0.46%)
FCCL 32.60 Increased By ▲ 0.32 (0.99%)
FFBL 65.16 Increased By ▲ 0.36 (0.56%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.50 Decreased By ▼ -0.07 (-0.06%)
HUMNL 14.58 Decreased By ▼ -0.10 (-0.68%)
KEL 5.13 Increased By ▲ 0.08 (1.58%)
KOSM 7.54 Increased By ▲ 0.08 (1.07%)
MLCF 41.60 Increased By ▲ 0.22 (0.53%)
NBP 59.53 Decreased By ▼ -0.88 (-1.46%)
OGDC 194.39 Increased By ▲ 4.29 (2.26%)
PAEL 28.15 Increased By ▲ 0.32 (1.15%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 151.89 Increased By ▲ 1.83 (1.22%)
PRL 26.50 Decreased By ▼ -0.38 (-1.41%)
PTC 16.05 Decreased By ▼ -0.02 (-0.12%)
SEARL 82.50 Decreased By ▼ -3.50 (-4.07%)
TELE 7.46 Decreased By ▼ -0.25 (-3.24%)
TOMCL 35.40 Decreased By ▼ -0.01 (-0.03%)
TPLP 8.19 Increased By ▲ 0.07 (0.86%)
TREET 16.20 Decreased By ▼ -0.21 (-1.28%)
TRG 52.80 Decreased By ▼ -0.49 (-0.92%)
UNITY 26.50 Increased By ▲ 0.34 (1.3%)
WTL 1.24 Decreased By ▼ -0.02 (-1.59%)
BR100 9,941 Increased By 57.7 (0.58%)
BR30 30,868 Increased By 268.4 (0.88%)
KSE100 93,887 Increased By 531.2 (0.57%)
KSE30 29,089 Increased By 158.1 (0.55%)

The Netherlands will buy fewer than the 85 Lockheed Martin Corp F-35 Joint Strike Fighter jets it had planned to acquire because costs have risen and the country needs to replace fewer F-16 fighters, the Dutch defence minister said on Sunday.
The costs of developing and building the F-35, which will replace F-16 fighters, have been rising. Japan and a US Air Force official have warned they may order fewer planes if costs go up further.
Asked on Dutch television programme Buitenhof if the Netherlands still planned to buy 85 F-35 planes despite higher costs, Dutch Defence Minister Hans Hillen said: "The next cabinet will decide. It will certainly be fewer."
The Netherlands had planned to buy a total of 85 F-35 planes over the period 2019 to 2027, the Dutch Defence Ministry said in a letter to parliament last year. The ministry has reserved 4.5 billion euros to replace the existing F-16 fighters.
Hillen declined to say how many F-35s the Netherlands would buy instead but said fewer F-16s needed to be replaced.
"When we signed up (for the F-35) we took the number of F-16s at the time as a basis. When I became minister we had around 90 F-16s. Now we have 68," Hillen said.
The Netherlands has not finally agreed to buy the F-35 planes but is participating in the development programme and has ordered two F-35 test planes, of which the first has been constructed.
Lockheed is developing three variants of the new plane for the US military and eight partner countries: Britain, Australia, Canada, Italy, Turkey, Denmark, Norway, and the Netherlands.

Copyright Reuters, 2012

Comments

Comments are closed.