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McCain Questions F-35 Program’s Future

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Sen. John McCain (R-Ariz.) warned recently if the Pentagon does not force Lockheed Martin [LMT] to pay for a greater portion of cost overruns with the next F-35 Joint Strike Fighter contract the program may lose congressional support. The top Republican on the Senate Armed Services Committee (SASC) said he is concerned by news the fourth lot of aircraft may be 10 percent over the contract's target cost and also by a report that the F-35's manager wants to slow…

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