Investing.com -- Spain has halted plans to purchase F-35 Lightning II fighter jets from Lockheed Martin (NYSE: LMT ), according to a report by El Pais newspaper.

Two contract modifications cover long-lead procurement for upcoming production of new aircraft, and new software development ...

Madrid seeks European alternatives, suspending preliminary talks with US company, say press reports - Anadolu Ajansı ...

The plane’s cost per flight hour exceeds $40,000, more than double that of its alternatives—leading to mission-capable rates hovering below targets for six consecutive years.

A US Navy F-35 fighter jet crashed in central California Wednesday near Naval Air Station Lemoore, according to a Navy press statement.

The aircraft crashed near NAS Lemoore, sparking a fire. The pilot ejected safely, but the incident raises fresh questions about the F-35 program and Lockheed Martin’s future.

A US Navy F-35C "went down" not far from Naval Air Station Lemoore, the base said on Wednesday.

A U.S. Navy F-35 fighter jet crashed following an "aviation incident" in California, authorities and officials said.

The absence of a top-quality strike aircraft such as the F-35 is detracting from the IAF’s ability as a whole.

The pilot in the January incident, who also ejected safely, experienced an "in-flight malfunction" during the landing stage ...