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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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