Japan has delayed a formal announcement on its choice of Lockheed's (LMT -0.9%) F-35 stealth jet...

|About: Lockheed Martin (LMT)|By:, SA News Editor

Japan has delayed a formal announcement on its choice of Lockheed's (LMT -0.9%) F-35 stealth jet as its next-generation fighter until next week. The Defense Ministry is looking to replace the country's aging F-4 planes and has been considering the F-35 Lightning II stealth fighter together with two other models - Boeing's F/A-18 Super Hornet and the EADS/BAE-designed Eurofighter.