![](https://investorshub.advfn.com/uicon/270428.png?cb=1658331642)
Monday, October 12, 2020 6:31:17 PM
by Abraham Mahshie, Defense Reporter
| October 12, 2020 04:41 PM
Print this article
Finland, a non-NATO ally, has been cleared to purchase $12.5 billion in F-35 Joint Strike Fighters, boosting the Nordic country on the Russian front line.
Under the thumb of Moscow for decades and sharing a border with Russia, the Scandinavian country is increasing its air firepower with the purchase approved Friday.
The sale to Finland includes 64 F-35 Joint Strike Fighters with air-to-air missiles and air-to-ground precision-guided munitions, 66 Pratt & Whitney F-135 engines, and hundreds of missiles. The foreign military sale was approved by the State Department’s Defense Security Cooperation Agency.
Defense contractors Lockheed Martin, Pratt & Whitney, Boeing, and Raytheon are involved in the proposed sale to replace Finland’s aging F/A-18s and upgrade air-to-air and air-to-ground defense capabilities.
While boosting the United States's national security by strengthening Finland's Air Force, a press release indicated that the proposed sale will not alter the military balance in the region.
"It is vital to the U.S. national interest to assist Finland in developing and maintaining a strong and ready self-defense capability,” the release read. “The proposed sale of F-35s and associated missiles and munitions will provide Finland with a credible defense capability to deter aggression in the region.”
Recent RTX News
- France becomes international customer of RTX's mobile air traffic control system • PR Newswire (US) • 06/17/2024 01:00:00 PM
- RTX's Raytheon to design Landsat Next space instruments • PR Newswire (US) • 06/13/2024 12:00:00 PM
- RTX's Blue Canyon Technologies selected by NASA to provide multiple spacecraft buses for PolSIR mission • PR Newswire (US) • 06/12/2024 02:00:00 PM
- RTX awarded $677 million US Navy contract for SPY-6 family of radars • PR Newswire (US) • 06/10/2024 12:00:00 PM
- RTX provides Blue Canyon Satellites for NASA Polar climate mission • PR Newswire (US) • 06/06/2024 02:00:00 PM
- IAE AG and FTAI Aviation Sign Strategic V2500® Engine Maintenance Services Agreement • GlobeNewswire Inc. • 06/06/2024 11:00:10 AM
- RTX Board of Directors Declares Quarterly Cash Dividend • PR Newswire (US) • 06/03/2024 08:15:00 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 11:44:42 AM
- RTX's Collins Aerospace wins prestigious Crystal Cabin Award for STARLight™ structural technology • PR Newswire (US) • 05/29/2024 08:00:00 AM
- RTX's Collins Aerospace introduces its Helix™ next-generation main cabin seat • PR Newswire (US) • 05/29/2024 07:00:00 AM
- RTX invests in Spokane to fuel manufacturing growth • PR Newswire (US) • 05/28/2024 12:00:00 PM
- RTX's Collins Aerospace completes industry first retrofit of Iridium Certus satellite connectivity • PR Newswire (US) • 05/28/2024 08:00:00 AM
- RTX's Collins Aerospace and Panasonic Avionics unveil MAYA - the future of premium air travel • PR Newswire (US) • 05/28/2024 06:00:00 AM
- RTX's Collins Aerospace receives EASA approval for Pro Line Fusion® retrofits on Cessna aircraft • PR Newswire (US) • 05/27/2024 08:00:00 AM
- RTX's Collins Aerospace awarded Survivable Airborne Operations Center subcontract • PR Newswire (US) • 05/23/2024 02:00:00 PM
- RTX's Collins Aerospace offers solution for passengers with reduced mobility • PR Newswire (US) • 05/20/2024 01:06:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 10:08:41 PM
- RTX's Pratt & Whitney receives Transport Canada type certification for PW545D engine • PR Newswire (US) • 05/13/2024 02:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/10/2024 04:18:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 09:07:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 09:07:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 09:06:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 09:06:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 09:06:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 09:06:49 PM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM