More Cost Overruns, Delays And Uncertainty For F-35 -- DoD Buzz
Cost overruns for the first batches of F-35 Lightning IIs total more than $1 billion, Congress’ watchdog agency said Tuesday, in the latest report to detail the woes of the world’s largest defense program.
The overall cost estimate for the whole program is now close to $400 billion, according to the Government Accountability Office, and although investigators were careful to note the progress DoD and Lockheed Martin have made in the past year, the overall picture remained very bleak.
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