Senate committee to hold hearing on JSF alternate engine
Published: Fri Mar 3rd, 2006Source: www.marketwatch.com
WASHINGTON (MarketWatch) -- Senate Armed Services Committee Chairman John Warner, R-Va., on Thursday said he would soon call hearings on the Pentagon's plan to kill the F-35 alternate engine, made by General Electric Co. (GE) and Rolls-Royce Corp. (RR.LN). Warner raised the issue at a committee hearing on the Air Force budget. Air Force officials say they can't afford the second engine because of all the other demands on their available funding.
The F-35, made by Lockheed Martin Corp. (LMT) and also known as the Joint Strike Fighter, or JSF, is a next-generation utility fighter that has already lined up international buyers. Warner said he would like to hear from those countries before passing judgment on the engine program.
The U.K. has vociferously opposed prior U.S. proposals to trim the $256 billion F-35 program. Any cuts to the program could drive up their per-plane costs and also harm their industrial base, which includes Rolls-Royce and BAE Systems PLC, another major contractor on the project.
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