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House committee adds $369M for Lockheed's F-22 jet
ap on finance Yahoo ^ | 6/17/09 | AP

Posted on 06/17/2009 1:15:47 PM PDT by NormsRevenge

WASHINGTON (AP) -- Lockheed Martin Corp.'s F-22 program got an unexpected lift Wednesday after House lawmakers approved $369 million to continue production of the radar-evading fighter jets.

The surprise amendment, likely to reopen a debate over the necessity of the Cold War planes that cost $140 million each, was approved by the House Armed Services Committee by a vote of 31-30, along party lines.

The extra funding was adopted as part of the 2010 Defense Department spending bill mark-up. The bill still needs to make its way through the full House and Senate.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Foreign Affairs; Government; Politics/Elections
KEYWORDS: 111th; f22; f22raptor; housecommittee; lockheed
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To: rmlew

It’s to keep the production line going until there is no more Obama presidency.


21 posted on 06/17/2009 3:57:11 PM PDT by Red Steel
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To: stefanbatory

I was talking marginal cost per unit, not tht of the mcu plus the fixed R&D costs.


22 posted on 06/17/2009 4:06:18 PM PDT by rmlew ( The SAVE and GIVE acts are institutioning Corvee. Where's the outtrage!)
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