ARTICLE: High Costs Lead Navy to Cancel Lockheed Coastal Vessel, By Renae Merle, Washington Post, April 13, 2007; Page D04
Excerpt:
The contract cancellation also reflects an environment of budget
tightening as the cost of wars in Iraq and Afghanistan continues to
rise, industry analysts said. Over the last few years, "it's been such a
permissive budget environment, programs got away with failures for
longer than they should have," said Brett Lambert, a defense industry
consultant. "That is changing. The realities are coming home."
More proof that extended interventions are bad for force structure spending--an inescapable reality.
Thanks to Peter Johnson for sending this.