Politics

Super Stealth Plane Breaks Through Cost Barrierby By $46 BILLION

The Senate Armed Services Committee held a hearing today on the future of the F-35 Joint Strike Fighter, and things are not looking pretty for the next-generation stealth aircraft. It’s likely the Air Force will have to declare the program has soared past a key cost-containment barrier, in addition to being more than two years behind schedule. The Air Force will have to declare a Nunn-McCurdy breach, which could force a serious restructuring of the program, according to a Reuters story quoting Pentagon acquisition chief Ashton Carter. A new Government Accountability Office report, issued today, puts it in simple numbers. “Total estimated acquisition costs have increased $46 billion and development extended 2 ½ years, compared to the program baseline approved in 2007,” the report states.
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Posted by Editor at March 15, 2010 12:50 AM