GAO'S Latest F-35 Report; 2011 Performance 'Mixed'

The drumbeat of mostly negative news about the F-35 from the Government Accountability Office continues. Here's what GAO said in its latest report, just released:

"The new program baseline projects total acquisition costs of $395.7 billion, an increase of $117.2 billion (42 percent) from the prior 2007 baseline.

Full rate production is now planned for 2019, a delay of 6 years from the 2007 baseline.

Read more