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Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared Obama swims in Gulf, says beaches open for business | Video 11:17am EDT U.S. hopeful Pakistan can avert big cholera outbreak 14 Aug 2010 U.S.-South Korea drills anger North, worry China 14 Aug 2010 Afghanistan says finds 1.8 billion barrel oilfield 4:51am EDT China paper warns military thinking outmoded 2:12am EDT U.N. chief urges faster foreign aid for Pakistan | Video 11:16am EDT Apple manager charged with taking kickbacks 14 Aug 2010 Scientists find new superbug spreading from India 11 Aug 2010 Apple manager charged with taking kickbacks 6:46am EDT BlackBerry assures India on access to services | Video 13 Aug 2010 Best of the week 13 Aug 2010 Afghanistan says finds 1.8 billion barrel oilfield 4:51am EDT Martin Luther has Wittenberg in a stir 500 years on 11 Aug 2010 Cancer cells slurp up fructose, US study finds 02 Aug 2010 Obama swims in Gulf, says beaches open for business | Video 11:17am EDT Strange and unusual 12 Aug 2010 Scientists find new superbug spreading from India 11 Aug 2010 Obama backs controversial New York mosque project | Video 14 Aug 2010 Analysis: Outsourcing reversed as Brazil companies target U.S. 11 Aug 2010 Apple manager charged with taking kickbacks 6:46am EDT Israel's Barak approves U.S. F-35 fighters purchase Digg This Tweet This Share on LinkedIn Share on Facebook Related News In sign of stability, Israel removes blast wall 10:51am EDT Netanyahu's wife snubbed in migrant children plea 10:51am EDT Related Topics World » Stocks » Global Markets » JERUSALEM | Sun Aug 15, 2010 10:51am EDT JERUSALEM (Reuters) - Israeli Defense Minister Ehud Barak approved in principle on Sunday the purchase of 20 U.S.-built radar-evading stealth fighters in a deal worth $2.75 billion, defense ministry officials said. The F-35 warplanes are expected to be delivered between 2015 to 2017, an Israeli defense official said. Israeli leaders have spoken of arch-foe Iran potentially developing a nuclear weapon by mid-decade, suggesting that the F-35s would not be used for any preventive action, but rather to bolster the country's deterrence. A ministry statement said Barak "approved in principle the recommendations of the Israel Defense Forces and the Defense Ministry to move ahead" with the purchase. The stealth fighter, made by Lockheed Martin Corp, "will afford Israel continued air superiority and maintain the technological edge in our region," the statement quoted Barak as saying. The defense official said Israel planned to buy initially 20 planes, estimating the total price tag at $2.75 billion, to be covered by an annual U.S. defense grant of $3 billion. Officials predicted final approval of the deal could be given by the end of September by a panel of Israeli government ministers. Israel would be the first foreign country to sign an agreement to buy the F-35, or Joint Strike Fighter, outside the eight international partners that have helped to develop the plane. The deal has been in negotiations since September 2008, when the Pentagon first approved the sale of 25 fighters with an option for more in the coming years. The F-35 is designed to avoid detection by radar and could play a role in any Israeli effort to knock out what it regards as the threat to its existence posed by Iran's nuclear program. Tehran denies Western and Israeli allegations that it is trying to produce atomic weapons. Defense Ministry Director-General Udi Shani said incorporation of Israeli technologies into the F-35 had played a role in Barak's decision to buy the aircraft. Israel, widely assumed to have the Middle East's sole nuclear arsenal, also had considered a cheaper option -- the purchase of a modified version of Boeing's F-15 fighter, an aircraft it already deploys. (Additional reporting by Dan Williams, Writing by Ori Lewis) World Stocks Global Markets Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. 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