Japan to pay $114 million for each F-35 fighter jet

TOKYO Tue Dec 20, 2011 12:23am EST

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TOKYO (Reuters) - Japan's defense ministry said on Tuesday it would pay 8.9 billion yen ($114 million) for each of Lockheed Martin's (LMT.N) F-35 jet fighters in the initial stage of procurement.

The per-unit cost will come to 9.9 billion yen if backup parts are included, the ministry said.

The ministry plans to buy 42 of the radar-evading jets.

(Reporting by Kiyoshi Takenaka; Editing by Chris Gallagher)

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