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Monday, February 17, 2014

On 60 Minutes, Pentagon leaders say they won't back away from problem-plagued F-35

F-35 Lightning IITop Pentagon leaders discussed both the problems and promise of Lockheed Martin's F-35 fighter jet program during a segment on 60 Minutes Sunday night.

The piece, teased by artwork showing an F-35 in flight with a trail of dollar bills spewing in its wake, highlighted the military's efforts to rein in the growing cost of "the most expensive weapons system ever" -- estimated at $400 billion for 2,400 planes.

It rehashed the host of technical problems that have plagued the plane's development and summed up its problems by describing the Fort Worth-made product as seven years behind schedule and $160 billion over budget.

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