Stock Quote Search
Latest News
- As Facebook's Stock Struggles, Fingers Start Pointing
- Gupta ‘Threw Away His Duties,' Prosecutor Says
- Jobs Vary by State, Showing Why Education Matters
- New York Investigates Insurer Payments to Banks
- Fitch Cuts Japan Debt Rating
- OECD Warns of 'Severe Recession' in Eurozone
- Crude Falls on Weak Eurozone Growth Outlook
- Shale Glut Means $1-a-Gallon Savings at the Pump
- After Yahoo Deal, Challenges Abound for Alibaba
- Bon-Ton's Loss Widens, Outlook Cut - Analyst Blog
Site Search
Japan chooses F-35 over Eurofighter for next generation fighter jet - Telegraph.co.uk
Created on Monday, 19 December 2011 23:13Category: Financial News Highlights
The new contract marks a key step forward for Japan, which is steadily upgrading its air defences in response to North Korea’s ballistic missiles and nuclear weapons programme as well as the introduction of stealth fighters in China.
“From now on, we really have
Japan’s fleet of fighter jets totalled 362 at the end of the last financial year and the new generation fleet of radar-evading F-35s will replace Boeing F-4s, which were last assembled in 1981.
The F-35 was initially shortlisted by the government alongside the Eurofighter Typhoon, which BAE Systems manufacturers alongside EADS and Finmeccanica, and also Boeing Co.’s F-18 Super Hornet.
However, experts had widely predicted that Japan would most likely opt for F-35 due to its sophisticated stealth capabilities combined with its origin in the US, a close defence ally of Japan.
The current security instability in the Asia-Pacific region, where concerns are focusing on the future of the unpredictable North Korean regime in the hands of Kim Jong-il’s young son, is likely to fuel further US arms sales in coming years, experts have forecast.
Richard Aboulafia, vice president of analysis at Teal Group, an aerospace industry consultancy, said: “Northeast Asia is a difficult neighbourhood, and the situation just got even more complicated and uncertain. That's probably good for arms sales, particularly for US companies that benefit from the strategic relationship factor."
Courtesy Google News