January 19, 2010 7:34 AM

F-35 fighter program gets more bad news in Navy report

Storms and turbulence continue to buffet Lockheed Martin's F-35 joint strike fighter program, as observers in the military, political and investment arenas keep a close watch for progress — or the lack of it. A study, by the Navy's aviation arm, says the cost to buy and operate that service's version of the F-35 will be dramatically higher than predicted — 40 percent more than existing aircraft — and will put a serious squeeze on future budgets.

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