Sen. John McCain took to the Senate floor this afternoon to criticize Lockheed Martin's handling of the Joint Strike Fighter program and pressed for the company "to assume an increased share of any cost overruns."McCain, who cited AOL Defense's interview last week with F-35 program head Vice Adm. David Venlet, pointed to the LRIP Lot 5 negotiations with Lockheed.
"It is at this exact moment that the excessive overlap between development and production that was originally structured into the JSF program (called "concurrency") is now coming home to roost: on the one hand, the Department -- quite rightly -- says that it will not sign any contract for this left lot until Lockheed Martin agrees to pay a reasonable share of these 'concurrency costs.'
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