Officials at the Pentagon and Lockheed Martin Corp. said Tuesday that they expect cost overruns on the military's newest fighter jet to level off.
Less than a month after congressional auditors forecast ballooning costs for the Joint Strike Fighter, the Defense Department predicted the cost of the Lockheed-led contract would be $298.8 billion (euro190.39 billion) _ a decline of $1 billion (euro640 million) from a year ago estimate.
Even at that level, the project would be $65 billion (euro41.42 billion) more expensive than estimates made in 2001, when it began. But the magnitude of the overruns would be below the threshold that could trigger a restructuring …
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