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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)
  • tjohn1
    , contributor
    Comments (152) | Send Message
     
    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
  • _Jimmy_
    , contributor
    Comments (34) | Send Message
     
    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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