Pentagon might cut 2017 F-35 Budget
By Larry Darrell
Dec 3, 2015
Lockheed Martin Corporation’s (NYSE:LMT) F-35 project has come under renewed question, as the Pentagon mulls a reduction in its budget for fiscal year 2017 (FY17). The Congress is expected to propose some budget caps that might directly impact the F-35’s budget, as the government spreads its finances toward other projects as well.
Although the total defense budget is not expected to be reduced, the F-35, among various other projects would receive reduced government spending. Frank Kendall, Undersecretary of Defense for Acquisition, Technology and Logistics, announced in an industry conference, “Dollar for dollar it probably gives us more combat capability than any other investment that we’re making, but we’ve got a lot of other things that we need to do as well.”