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Lockheed Says F-35 May Need ‘More Time, More Dollars’

The development phase of Lockheed Martin Corp.’s F-35 jet fighter, the most expensive U.S. weapon program, will likely take longer and more money than expected to complete, Chief Executive Officer Robert Stevens said.

The U.S. Defense Department and the company are “probably going to examine the need for more time, more people and more dollars,” Stevens said in an interview today in Washington.