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Wednesday, July 27, 2011

Australia may reconsider F-35 order after cost blowout, delays

F-35 Lightning IIAustralia may reconsider a A$16 billion ($17.5 billion) plan to buy 100 of Lockheed Martin Corp's F-35 Joint Strike Fighters because of delivery delays and cost overruns, the government said on Wednesday.

Repeated delays and ballooning costs in the F-35 programme are now starting to rub against already generous delivery and cost limits set by the government and military planners, Australian Defence Minister Stephen Smith said.

"We are running close up to those schedules, particularly on delivery. So I've made the point very clear that we are now monitoring very closely the delivery timetable and we are also monitoring very closely the cost," Smith told Australian radio after meeting defence officials in Washington.

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