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Old April 6th 04, 02:53 AM
Henry J Cobb
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Default Lockheed's JSF Costs to Rise $45 Billion

http://www.reuters.com/newsArticle.j...toryID=4756042
In a report to Congress, the Pentagon said JSF costs were rising due
to increasing contractor labor and overhead costs and a delay in the
start of procurement from 2006 to 2007, as well as the addition of a
new optical tracking system.


This isn't the first time Lockmart has had runaway costs.

http://federaltimes.com/index.php?S=2790447
So Pedeleose took his concerns to the Defense Criminal Investigative
Service, which concluded, in a November 2001 report, that Lockheed’s
prices were “based on cost and pricing data that was known to be false
and purposely overstated.”


-HJC
How do you get runaway labor costs when unemployment is so high?