LockMart's SBRIS: $4 - then $10 - now $12 Billion?

Lockheed US satellite program could reach $12 bln

"A Lockheed Martin Corp. satellite system to provide early warning of enemy missile attacks could eventually cost around $12 billion, up from recent estimates of around $10 billion, Acting Air Force Secretary Peter Teets said on Tuesday. Teets, who retires on Friday, called the Space-Based Infrared System (SBRIS) High program "a huge national priority" and said he saw little alternative to restructuring and adding funds to a program initially expected to cost $4 billion."

Editor's note: Ouch. I guess its a little easier to break this kind of news when you're headed out the door....

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This page contains a single entry by Keith Cowing published on March 22, 2005 4:44 PM.

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