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Friday, August 31, 2012

Budget impasse clouds F-35's future

F-35 Lightning II |Plans to deliver the first F-35 Joint Strike Fighter jets to Nellis Air Force Base early next year hinge on uncertain defense budget cuts and potential layoffs at the manufacturer, Lockheed Martin.

Three dozen of the stealthy warplanes are supposed to be based in Southern Nevada.

Automatic defense budget cuts of $492 billion will take effect in January under a measure known as "sequestration" if Congress can't agree on another deficit-reduction plan or doesn't delay the current plan, as Republican senators suggested after a recent trip to the Nellis base during a cross-country tour of military installations.

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