Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
F-35 Still Over Budget, But Engines Now Cheaper
http://news.investors.com/business/091614-717562-f-35-still-over-budget-engines-now-cheaper.htm
F-35 Still Over Budget, But Engines Now Cheaper
By GILLIAN RICH, INVESTOR'S BUSINESS DAILY
Posted 09/16/2014 11:04 AM ET
The over-budget F-35 stealth fighter jet just got a little cheaper, according to United Technologies' (NYSE:UTX) Pratt & Whitney division.
The next two rounds of engines, the seventh and eighth batches, for the jet are expected to be 7%-8% cheaper than the prior one. This comes on top of 50% savings the company achieved in earlier batches.
The F-35 program is running at $400 billion, well over budget. The plane, built by Lockheed Martin (NYSE:LMT), is behind schedule as well.
The jet was grounded in July after an engine, designed by Pratt & Whitney, caught fire during takeoff at a Florida air base in June.
