o7
Lockheed Martin : Singapore plans to buy four F-35 jets with option for eight more
SINGAPORE (Reuters) - Singapore plans to buy an initial four F-35 fighter jets from Lockheed Martin Corp, with an option to purchase eight more, as it looks to replace its ageing F-16 fleet, the city-state's defence minister said on Friday.
Ng Eng Hen said in parliament that the ministry of defence will issue a letter of request (LOR) to the United States for the purchase, which must be approved by the U.S. Congress.
With Southeast Asia's largest defence budget, the wealthy city-state is a key prize for global arms companies as it looks to invest in new technology and upgrade its equipment.
"Our LOR will request an initial acquisition of four F-35s, with the option of a subsequent eight if we decide to proceed," Ng said. "Singapore has the endorsement of both the U.S. Administration and the Department of Defence for our proposed purchase of F-35s, but the Congress must still approve it."
Ng added it was an "opportune time" for Singapore to put in the request because the price of F-35s - which ranges from $90 million to $115 million - has been steadily falling amid high demand from the United States and ten other countries, including Britain, Italy, Australia, Japan and South Korea.
https://www.marketscreener.com/LOCKHEED-MARTIN-CORPORATI-13406/news/Lockheed-Martin-Singapore-plans-to-buy-four-F-35-jets-with-option-for-eight-more-28091028/
digitzzzzzz confirm
someone want to put mr glacier's head on this?
ty for update anon
did some last summer/fall but cannot run this/ads/mkt data feeds at same time so one had to go. miss doing it-love the planes.