Search This Blog

Wednesday, April 13, 2011

Lockheed-Martin F-35 Fighter Program Loses $2.16 Billion Under Budget Deal

F-35 Lightning IIThe budget compromise up for consideration by Congress cuts $2.16 billion from Lockheed Martin Corp.’s F-35 Joint Strike Fighter program and doesn’t include money for the jet’s alternative engine being developed by General Electric Co. (GE) and Rolls Royce Group Plc.

The White House and congressional leaders agreed to a $670.8 billion Defense Department appropriations bill for 2011 that is $18.1 billion below the Pentagon’s original request for the fiscal year that ends Sept. 30.

The base budget proposed for the Pentagon is $513 billion while funds for the wars in Iraq and Afghanistan remain at $157.8 billion, the amount requested by the Obama administration, according to budget details released by the Senate.

Read more

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.