McCain: JSF Has Racked Up $771 Million In Overruns | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 09.19.14 ** HD iPad-Friendly -- Airborne 09.19.14 **
** Airborne 09.17.14 ** HD iPad-Friendly -- Airborne 09.17.14 **
** Airborne 09.15.14 ** HD iPad-Friendly -- Airborne 09.15.14 **

Thu, Jul 14, 2011

McCain: JSF Has Racked Up $771 Million In Overruns

Number Given To Armed Services Panel Monday, Senator Informs Twitter Followers

Arizona Senator John McCain (R) issued a Tweet on Tuesday saying that Lockheed Martin overshot its cost targets for the early F-35 models by $771 million, and called the figure "outrageous."


Senator McCain

McCain continued that the Pentagon's attempt to appropriate $264 million as a "kind of down payment" on the overrun is "disgraceful."

Reuters reports that McCain has sought to put the 5th generation fighter program on probation in the past, saying it should not "drain resources" from other Pentagon modernization projects. He filed an amendment to the 2012 defense authorization bill that would end the program at the end of that year if the costs are not contained. That amendment died in committee, but McCain has said he plans to revive it as a floor amendment during debate.

At $382 billion for 2,442 aircraft, the JSF is the most expensive defence procurement program ever. The F-35 Joint Program Office reported the cost overrun figure to the Senate Armed Services Committee staff on Monday, saying it applied only to the first 28 jets.

FMI: www.jsf.mil, http://armed-services.senate.gov

Advertisement

More News

Airborne 09.19.14: Cool City R44 Cert, Reno Rumblings, Sierra Re-Jets The CJ

Also: Eclipse Improvements, AEA Urges NextGen GA Fund Adoption, FAA OKs External Cams, GA Accident Rate Declines The FAA has granted an STC to Cool City Avionics for the installati>[...]

Best of Show! The Very Best/Worst of Oshkosh '14! (Part 1)

Compiled By The Staff and Readership of the Aero-News Network, Airborne, and Aero-TV (Part 1) For quite a while, we have recognized the highs and lows inherent in the general and s>[...]

2014 Public Benefit Flying Award Recipients Announced

Aviation Volunteers And Organizations Honored For Public Benefit Flying The National Aeronautic Association, in partnership with the Air Care Alliance, a nationwide league of human>[...]

Klyde Morris (09.22.14)

Klyde Gets Recurrent... On An Installment Plan FMI: www.klydemorris.com>[...]

Aero-News: Quote Of The Day (09.22.14)

"Volunteers in aviation and those who support them are the heart and soul of charitable aviation, and the work they perform is invaluable. They fly needy patients for care, inspire>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC