No Cuts But Adjustments For Costly F-35 -- Reuters
WASHINGTON (Reuters) - Lockheed Martin Corp's (LMT.N) multinational F-35 fighter, the world's costliest arms acquisition program, is facing a shake-up but no overall cut in planned U.S. purchases, the U.S. Air Force's top official said.
Estimates from independent teams working for the Pentagon have forecast F-35 program costs could swell by $16.6 billon through 2015.
"I think there will be adjustments in dollars. There will be adjustments in schedule," Air Force Secretary Michael Donley told the annual Reuters Aerospace and Defense Summit in Washington.
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