At one level, the end of 2011 brought good news for Lockheed Martin's Joint Strike Fighter program, which for the first time was performing test flights and delivering aircraft on schedule—albeit a new schedule that was announced at the beginning of the year. Japan also selected the JSF as its next fighter aircraft, planning a long-term program of co-production and changing its policies to allow Japanese-made parts to be exported. But then came bad news as well. First, as the ...

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