Top brass at Lockheed Martin (LMT) and the Pentagon have become involved in long-running talks...

Top brass at Lockheed Martin (LMT) and the Pentagon have become involved in long-running talks over a fifth order of F-35s, Reuters reports. The development comes after a top Pentagon official said recently that the relationship between the sides was the worst he'd seen. The parties are haggling over the last $100M+ of costs and have until January to "obligate" the funds so they won't be vulnerable to sequestration.
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Comments (3)
  • BlueOkie
    , contributor
    Comments (10520) | Send Message
    Simple, either gov't issues delivery order and funds more or LMT sends out notifications of layoffs as required by the WARN ACT. Politically a killer for Obama - but Obama don't like defense
    3 Oct 2012, 07:55 AM Reply Like
  • metallica
    , contributor
    Comments (11) | Send Message
    Gov't seems to have money to fund all these loser green energy projects that nobody wants but defense takes a backseat. The F-35 was doomed from the beginning making it a multi-force plane program which has compromised performance. It's great but the F-22 is the high performance plane. I'd revive the F-22 and fix the cockpit problem as our adversaries are not predisposed to having a fighter with multi-force capability that could make the F-35 vulnerable.
    3 Oct 2012, 11:23 AM Reply Like
  • BlueOkie
    , contributor
    Comments (10520) | Send Message
    Comparing two planes is something I don't feel I have enough knowldge to do. There's so much to the acquisition of a new weapon system that it is nearly impossible to do. Multi-force does create big problems, like do you use one engine or two on the plane. Logistics comes into play for long term costs.
    14 Oct 2012, 09:53 AM Reply Like
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