UPDATE 1-U.S. senate panel "deeply concerned" by F-35 costs

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Source: Reuters

WASHINGTON, Dec 16 (Reuters) - The U.S. Senate Armed Services Committee said it was "deeply concerned" about growing costs and apparent delays in Lockheed Martin Corp's (LMT.N) F-35 fighter program, the Pentagon's costliest acquisition.

Discussion with top Pentagon officials took place on Wednesday behind closed doors of "strategy to keep costs down and to have development brought back to its planned schedule," the panel's chairman, Democrat Carl Levin of Michigan, and its top Republican, John McCain, said in a joint statement.

"We, along with other members of the Senate Armed Services Committee, are deeply concerned about the growing costs and apparent delays in the F-35 program," the statement said.

"Today's briefing is one step in continuing close oversight of the program, which is not only the largest acquisition program under way, but probably the most complicated and challenging."

Read more: http://www.reuters.com/article/idUSN1613100720091216?type=marketsNews

[fascisthunter]

1. yee-uh, I bet they are "Deeply Concerned"

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2. They don't give a shit, in fact they love it.

But they want to look concerned, so we are subjected to this bullshit.

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3. I'm so sick of it all

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4. $300 billion over the next two decades. n/t

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5. gee, give criminals unaccounted for $$ and they want more?" who'da thought it. doh nt