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Showing Original Post only (View all)Next time someone says "America is broke", show them this article: [View all]
Pentagon needs $12.6 billion per year through 2037 for F-35: Report.
WASHINGTON (Reuters) - The Pentagon needs to budget $12.6 billion each year through 2037 to finish developing and paying for all the Lockheed Martin Corp F-35 fighters it plans to buy, according to a report released by a congressional watchdog agency on Monday.
This amounts to $2 billion more in projected annual funding needs than the Government Accountability Office (GAO) had included in a draft report obtained and published by Reuters on Saturday.
The draft report excluded the cost of the fighter's single engine, which is built by Pratt & Whitney, a unit of United Technologies Corp, said Joe DellaVedova, a spokesman for the Pentagon's F-35 program office.
The report said the Pentagon was expected to shell out $316 billion through 2037 on the remaining development and purchase of the radar-evading warplane, on top of billions of dollars already spent, for a total program cost of around $400 billion.
The rest: http://finance.yahoo.com/news/pentagon-needs-12-6-billion-222706531.html
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But lets cut social security, medicare, & food-aid to those already struggling to survive instead.