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Australian Opposition Pledges $1.9 Billion for F-35s Before Poll

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*********** Opposition Pledges $1.9 Billion for F-35s Before Poll

(Bloomberg) — Australia’s main opposition group will commit an initial A$3 billion ($1.9 billion) for about 28 new Lockheed Martin Corp. F-35 fighter jets if it wins power in what are set to be tight elections due by mid-May.

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The Liberal-National Coalition would seek for delivery to start within the next five years, returning to an original plan for the nation to have 100 of the fighter jets, it said in a release.

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Last month, China conducted live-fire naval exercises in the Tasman Sea, diverting flights and triggering heightened concern in Australia and New Zealand. Elections are due by May 17, with the coalition just ahead in polling.

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