President Obama has pledged to terminate weapons with bloated price tags and he vowed in March to reform the Pentagon's procurement practices and
crack down on programs that run over budget.
The Weapons Systems Acquisition Reform Act that became US law in May
2009 requires the Pentagon to presume termination of any program that
breaches certain cost targets.
LM are now at a $16 billion budget overrun and at a two years delay.
So what is the "certain cost" in the F-35 case?
The only thing that will happen, should that "certain cost" be reached, is that
the project will have to be restructured and recertified, so no actual risk of a
F-35 termination, but it would be fun to know!
aah, but thats where the naysayers are getting it wrong. Ashton Carter has made it pretty clear to Australia that the success of JSF is a number one priority for the US Govt, and that they are determined to keep it on track and alive as it involves much more than just a repalcement manned solution for their aging multiple fixed wing fleet.
In fact Carter is coming out to Aust in the next month or so to discuss management solutions with the major partners.
JSF is here to stay - despite what some of the more hysterical commentators in the media are implying.
Carter is charged with getting US procurement fixed, so Obama is taking his lead from Carter.
You need to understand the mechanics of whats happening when looking at articles (which you have hinted at yourself in your closing comments) - esp ones that are not crafted properly and where the author has taken partial information and used it to model their view of the world.
The end prices has always been stated - it depends on year and volume. If the partners all know their prices I'm at a loss to understand why some in the press don't get it.