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DoD Confirms F-35 IOC Delays, 50% Nunn-McCurdy Breach

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By Emelie Rutherford Called before Congress to explain delays and cost growth with Lockheed Martin's [LMT] F-35 Joint Strike Fighter, Pentagon officials said yesterday the aircraft's initial operational capability (IOC) for the Air Force and Navy will be delayed by years. In addition, Air Force officials steering the multi-service program "within days" officially will notify Congress it suffered a unit cost breach of more than 50 percent triggering a so-called Nunn-McCurdy recertification to Congress, military-procurement brass told the Senate Armed…

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