Keyword: fiscaltimes

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  • DOD Is Stuck with a Flawed $1.5 Trillion Fighter Jet

    04/02/2014 9:21:58 AM PDT · by Blood of Tyrants · 81 replies
    The Fiscal Times ^ | 2/18/2014 | David Francis
    On CBS’s “60 Minutes” on Sunday night, national security correspondent David Martin chronicled the seemingly never-ending list of problems with the Pentagon’s next-generation F-35 fight jet, from cost overruns of $160 billion to technical problems that have plagued the plane’s development. When asked if the F-35 program, which is expected to cost some $1.5 trillion over the four-decade life of the program, is now under control, the Pentagon’s acquisition chief, Frank Kendall, said, "Yes, it is." But that commitment came with a warning. “Long gone is the time when we're going to pay for mistake after mistake after mistake," said...