Italy’s 5-Star Movement, led by comic Beppe Grillo, wants to scrap the country’s planned purchase of 90 Lockheed Martin Corp F-35 fighter jets and use the savings to help boost the struggling economy. Eliminating the purchase of the fighter jets would save Italy a total of an estimated 10 billion euros but it would leave the Air Force and the country’s new aircraft carrier with an outdated fighter fleet. The troubled F-35 is seven years behind schedule and 70 percent over early cost estimates, and orders for the super technological new jet have been cut during an economic crisis that has shrunk defence budgets worldwide. Last year, Italy cut its … Continue reading Steve Scherer