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Beset with problems, Lockheed Martin's (LMT) F-35 fighter program is years behind schedule,...

Beset with problems, Lockheed Martin's (LMT) F-35 fighter program is years behind schedule, while expenses run out of control. The price to build each plane is $137M vs $69M in 2001, and the program will cost $396B if the Pentagon keeps to a plan to build 2,443 jets by the late 2030s. That's not to mention the $1.1T in operating expenses. "It is simultaneously too big to fail and too big to succeed," says analyst Todd Harrison.
Comments (2)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    Why the worry? The president's diplomacy is creating a peace dividend. Already we're seeing flowers blossom in the Middle East due to the Arab Spring. I don't think we need these things anyway. Let's use the money for more Obamaphones.

     

    Didn't someone tell LMT that the prices of their jets should be getting lower due to deflation? Someone tell Bernanke as well.
    29 Nov 2012, 07:44 AM Reply Like
  • seedream
    , contributor
    Comments (20) | Send Message
     
    Yes and neither the Dem's or the Rep's want to do anything but spend, spend,spend on the military, it buys them votes. I listened to a good podcast on LMT last week at Stock Analyst Podcast (iTunes) He was not too favorable on the company.
    29 Nov 2012, 11:02 AM Reply Like
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