WASHINGTON (Reuters) – A high-level Pentagon review of the Lockheed Martin Corp (LMT.N) F-35 fighter program has been postponed from this week until June 14, three sources familiar with the scheduled meeting said on Friday.
Defense Undersecretary Ashton Carter, the Pentagon's top weapons buyer, and other senior defense officials are due to establish a new procurement baseline at the meeting for the radar-evading F-35, or Joint Strike Fighter, which is currently estimated to cost $382 billion.
The new baseline -- against which any future cost growth will be measured -- will reflect a major restructuring of the program announced by Defense Secretary Robert Gates in February, the program's second major revamp in two years.
via news.yahoo.com
