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The Pentagon estimates the first few production runs for F-35s are exceeding cost projections by...

The Pentagon estimates the first few production runs for F-35s are exceeding cost projections by close to $1B, of which the government will have to pay an extra $635M. The defense contractors on the job, Lockheed Martin (LMT -0.9%) and Pratt & Whitney (UTX -1.9%), will have to pick up the remaining part of the tab.
Comments (2)
  • Do we need these planes? To use them in which wars and against whom? At a time we are about to default on our obligations?
    20 Jul 2011, 03:03 PM Reply Like
  • We need these planes to keep foreign markets open so that our companies can move our jobs there and not pay taxes to US government.
    20 Jul 2011, 03:33 PM Reply Like
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