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flag Pentagon cuts Air Force's F-35 request to 24 jets, slashing budget to $3.5B, impacting Lockheed Martin.

flag The Pentagon has cut the Air Force's request for F-35 fighter jets from 48 to 24, reducing the requested budget to $3.5 billion, including $531 million for advance materials. flag This is part of broader defense budget cuts and affects both Navy and Marine requests for the jets. flag This reduction impacts Lockheed Martin, the F-35 manufacturer, which expects to deliver 110 F-35s this year.

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