Pages

Sunday, April 22, 2012

DTN News - DEFENSE NEWS: Fighter Jet’s Skyrocketing Costs Are On Congress’ Radar

DTN News - DEFENSE NEWS: Fighter Jet’s Skyrocketing Costs Are On Congress’ Radar

(NSI News Source Info) TORONTO, Canada - April 22, 2012: The radar-evading F-35 fighter jet, a nearly $400-billion weapons program under development for more than a decade, is facing its worst turbulence since Washington decided to buy it in 2001 — when it was billed as the most affordable, lethal and survivable military aircraft ever built for the U.S. and its allies.

A two-star general serving as the military's project manager was fired over the program's never-ending problems. The Pentagon has delayed orders of the aircraft, and the fighter jet is caught in the middle of a major spending fight in Congress. What's more, the plane has roiled political debate in Canada, the Netherlands and other allies that are picking up 10% of the development costs.

GRAPHIC: F-35 joint strike fighter

The Obama administration wants to delay the purchase of 179 jets to save $15 billion. But there is pressure to cut more. Next week, the Pentagon's F-35 program manager is set to testify before the Senate Armed Services Committee.

Although much of the debate is taking place in Washington, the melodrama is being closely watched in Southern California, where much is at stake. Only last week, executives of F-35 maker Lockheed Martin Corp. made an appearance in El Segundo to remind local businesses and aerospace workers that the F-35 will have a huge financial effect in the years to come — pumping an estimated $6 billion into the state's economy and creating 27,000 jobs.

0 comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...