Lockheed Martin Corp.’s (LMT) new F-35 fighter jet could be delayed by as long as three years, with development costs soaring by as much as $5 billion, Reuters reported.
The Pentagon has estimated the cost of the F-35 program could top $380 billion, its most expensive weapons program ever. The program was restructured earlier this year, adding 13 months to the development phase.
Sponsored…
Continue reading Lockheed Martin’s F-35 Could Be Delayed by Three Years
Lockheed Martin’s F-35 Could Be Delayed by Three Years originally appeared on DailyFinance on Tue, 02 Nov 2010 07:26:00.
Filed Under: Company News, Technology, Taxes