The Pentagon will cut 17 of the 343 F-35 fighters it planned to buy from Lockheed Martin Corp. in fiscal 2016 through 2019 unless Congress repeals automatic budget cuts, according to a new Defense Department report.
ANA Holdings Inc. gave Boeing Co.’s 787 Dreamliner a vote of confidence by ordering 14 more of the jets as part of a $16.6 billion shopping spree a year after regulators grounded the composite aircraft.
Italian Prime Minister Matteo Renzi’s political party said cuts to the government’s order of Lockheed Martin Corp. F-35 fighter jets need to be significant to ensure more defense spending stays with domestic contractors.
Rolls-Royce Holdings Plc, the world’s No. 2 commercial jet-engine maker, will pursue geared turbofan technology championed by rival Pratt & Whitney as it seeks to power future Boeing Co. and Airbus Group NV aircraft.
United Technologies Corp. ’s Pratt & Whitney jet-engine unit filed patent-infringement complaints against Rolls-Royce Group Plc , a counterpunch in a dispute that may affect delivery of Boeing Co.’s 787 Dreamliner airplanes.
The Pentagon’s contract management agency will withhold 5 percent of billings on the next four F-35 jet engine contracts from United Technologies Corp.’s Pratt & Whitney unit, according to a Defense Department spokesman.