easyt65
Diamond Member
- Aug 4, 2015
- 90,307
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Lockheed Contradicts Promise To Trump, Delays F-35 At Cost Of $500 Million
Another Delay ...More 'Over-Pay'
"Lockheed Martin will delay components of the F-35 program for seven months, costing nearly $500 million, after assuring President-elect Donald Trump it would do all it could do to drive costs down.
Senate Armed Services Committee Chairman John McCain revealed the delay in the historically expensive program after a letter from a U.S. under-secretary of defense. The F-35 has cost U.S. taxpayers nearly $400 billion in total, double the original estimates for the program.
The delay comes after Lockheed Martin CEO Marillyn Hewson gave Trump a “personal commitment” to “aggressively” drive costs down on the program."
Delays, more than double the initial estimate, always gets paid on time, ahead of schedule, even when Lockheed fails to deliver and misses deadlines.
There needs to be ... there will be a 'reckoning'.
Another Delay ...More 'Over-Pay'
"Lockheed Martin will delay components of the F-35 program for seven months, costing nearly $500 million, after assuring President-elect Donald Trump it would do all it could do to drive costs down.
Senate Armed Services Committee Chairman John McCain revealed the delay in the historically expensive program after a letter from a U.S. under-secretary of defense. The F-35 has cost U.S. taxpayers nearly $400 billion in total, double the original estimates for the program.
The delay comes after Lockheed Martin CEO Marillyn Hewson gave Trump a “personal commitment” to “aggressively” drive costs down on the program."
Delays, more than double the initial estimate, always gets paid on time, ahead of schedule, even when Lockheed fails to deliver and misses deadlines.
There needs to be ... there will be a 'reckoning'.
