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Pentagon to pay double for F 111s under new contract
Senate investigations chief John McClellan warned the Pentagon will spend 10 to 12 billion dollars to field 1 300 F 111 aircraft under a fixed price incentive plan with General Dynamics The deal for 493 planes sets a 15 percent government share of cost savings and cost overruns The Air Force plans 165 aircraft and 24 for Australia and 50 for Britain The Navy version faces delays and higher costs McClellan urged full contract details and questioned Pentagon cost figures The AP has sought spend figures since mid February with no release.
MENTIONED IN THIS ARTICLE
Washington
John McClellan
Pentagon
General Dynamcast Defense
Arkansas Democrat
Air Force
General Dynamics Corp
Fort Worth
TFX
McClellan
Senate Investigations Subcommittee
Navy
Congress
Australia
Britain
R Funning