Despite Promise To Return JSF Money, DOD Slashes Navy Top Line

By Dan Taylor / February 28, 2011 at 9:09 PM
The Navy will lose about $1.3 billion in Joint Strike Fighter funding over the future years defense plan due to the Defense Department's decision to defer buying 124 aircraft, according to a Navy spokeswoman, despite the Pentagon's assertion earlier this year that the money would go back to the services. In January, Defense Secretary Robert Gates said the Pentagon would use the money saved from deferring JSF buys to increase research and development funding by $4.6 billion, returning the remaining...

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