Lockheed's JSF is Overdue, Over Budget - and Too Big to Fail

The aircraft program is headed up by Lockheed Martin (LMT) who saw itself stripped of $614 million in performance fees from the development contract. There is no danger Lockheed will lose the contract, though, as the Defense Department and Air Force continued to say that the new aircraft is “critical to modern warfare and are desperately needed to replace tactical fighter fleets in each of the services”. In short, if not the F-35, then what?

See the full article at Bnet