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Saturday, November 21, 2009

U.S. May Add Money to Program for F-35 Jet

F-35 Lightning IIThe Pentagon is considering adding more than $200 million to the Joint Strike Fighter program and providing more planes for flight tests to try to reduce the possibility of large cost overruns over the next several years, military and industry officials said on Friday.

Top Pentagon acquisition officials plan to discuss options this weekend at a meeting with executives from Lockheed Martin, the prime contractor on the $300 billion program, the military’s largest.

The meeting was prompted by an internal Pentagon report suggesting that work on the new stealth fighter, known as the F-35, had fallen so far behind schedule that it could cost up to $16.6 billion more than expected over the next five years.

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