Wednesday, March 12, 2008

Black Hole Of Empire

Pretty soon it'll amount to real money.

Jet Fighter Costs to Hit $1 Trillion

"WASHINGTON (AP) — The cost of buying and operating a new fleet of jet fighters for the U.S. military is nearing $1 trillion, according to a congressional audit that found the program dogged by delays, manufacturing inefficiencies and price increases.
Released Tuesday, the report from the Government Accountability Office offers a sobering assessment of the ambitious effort to deliver a modern series of aircraft known as the F-35 Lightning II to the Navy, Air Force and Marine Corps.
Tasked by Congress to conduct an annual assessment of the program, the GAO said costs have gone up by $23 billion since last year alone
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