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The U.S. Defense Department plans to buy 404 Lockheed Martin Corp (LMT.N) F-35 fighter jets over the next five years, a net decrease of 5 to 7 percent from last year's plan, sources familiar with the plans said on Friday.
The orders will amount to about $40 billion in new revenue for Lockheed, the Pentagon's No. 1 supplier, and engine maker Pratt & Whitney, a unit of United Technologies Corp (UTX.N).
The revised procurement numbers will be released on Tuesday when the Pentagon issues its fiscal 2017 budget and the new five-year plan, said the sources, who were not authorized to speak publicly before the budget release.