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….