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Wednesday, October 06, 2010

Lockheed cost-tracking system loses certification

F-35 Lightning IIThe U.S. Defense Department said on Tuesday that it pulled certification for a Lockheed Martin Corp system used to analyze costs for aeronautics programs including the F-35 because of a lack of progress in addressing deficiencies.

The Pentagon determined that withdrawal of compliance for Lockheed's "earned value management system" at its Fort Worth, Texas, facility was needed to make sure that the company takes corrective steps in a timely fashion, Defense Department spokesman Cheryl Irwin said in a statement.

Lockheed's aeronautics division is based in Fort Worth. Much of the work for the F-35 Joint Strike Fighter, the Pentagon's costliest weapons program, is centered there.

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