Netherlands To Replace Fighter Fleet With Lockheed F-35s

Law360, New York (September 17, 2013, 7:00 PM ET) -- The Netherlands has chosen to replace its F-16 fleet with an order of at least three dozen Lockheed Martin Corp. F-35 fighter jets with a budget to carry out the replacement estimated at roughly €4.5 billion Euros ($6 billion), the Dutch Ministry of Defense and the Bethesda, Md.-based aerospace giant said Tuesday.

The replaced fleet will also have the same operating budget as the F-16s, which cost some €270 million each year to run, according to a statement by the Dutch government. The F-35s were selected...
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