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F35 cost goes up.



 
 
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Old April 11th 04, 07:32 PM
Larry Dighera
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The total cost of LOCKHEED MARTIN CORP.'s Joint Strike Fighter
program to develop a new tactical fighter will rise by $45
billion, or 22.6%, to $245 billion, the Pentagon said. In a
regular report to Congress on major weapons programs, the U.S.
Defense Department said the sharp rise in costs for the new
jet, also known as the F-35, was due mainly to revised
contractor labor and overhead costs, design delays, and a
postponement in the start of procurement from 2006 to 2007.
(Reuters 04:58 PM ET 04/05/2004)

Mo
http://q1.schwab.com/s/r?l=248&a=944...a&s=rb0404 05

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