Costs Mount For Lockheed’s F-35
Trouble for Lockheed Martin Corporation’s (NYSE:LMT) largest program, F-35 Joint Strike Fighter, is mounting. Pentagon recently stated that the projected cost of developing and building the F-35 Joint Strike Fighter rose 4.3% year over year to $395.7 billion in fiscal 2011. Pentagon now estimates that the total lifetime cost of the new warplane, taking into [...]
Trouble for Lockheed Martin Corporation’s (NYSE:LMT) largest program, F-35 Joint Strike Fighter, is mounting. Pentagon recently stated that the projected cost of developing and building the F-35 Joint Strike Fighter rose 4.3% year over year to $395.7 billion in fiscal 2011. Pentagon now estimates that the total lifetime cost of the new warplane, taking into account production, operating and maintenance costs, and inflation, will reach $1.45 trillion over the next 50-plus years. Facing steep rise … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards