As U.S. Defense Secretary Robert Gates puts the ailing F-35B short-takeoff-and-vertical-landing aircraft on life support and proposes another delay to the single-engine stealthy fighter’s testing, he is also pushing forward a broad savings agenda that will enhance several major aerospace programs. For industry, the results are mixed. The most dramatic impact is on Lockheed Martin, which must turn around the F-35B within two years or expect its termination. Production would be cut by ...

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