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Boeing may get $7 billion for upgrades as Lockheed JSF stalls

from Bloomberg

Boeing Co. may receive $7 billion to extend the use of the Navy's older fleet of F/A-18 jets, partly because of delays in Lockheed Martin Corp.'s F-35 Joint Strike Fighters. In its 2012-2016 budget proposal, the Navy is considering spending the money to upgrade about 300 F/A-18 A and D fighters and lengthen their service lives by about 16 percent to 10,000 flight hours, the U.S. Government Accountability Office said in a report. more

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