Defense officials at the Pentagon say they need up to $500 million more to finish the development phase for the F-35, the troubled fifth-generation fighter that’s already gone 50% over its original budget.
The F-35 program office requested the money last month to the Defense Acquisition Board, according to Bloomberg, which first reported the news Wednesday. The call for additional funds is pretty familiar at this point, since the program — known as the Joint Strike Fighter since it will be used by the Navy, Marines, and Air Force — has been plagued by lengthy delays and enormous cost overruns. – READ MORE
