Law360, New York (May 08, 2012, 8:19 PM ET) -- U.S. Department of Defense officials told a Senate panel Tuesday that the military has tightened oversight of its over-budget F-35 Joint Strike Fighter program, withholding some purchases until contractor Lockheed Martin Corp. meets stricter benchmarks for performance and cost.
Vice Admiral David J. Venlet, the F-35 program manager, told the Senate Armed Services Committee subcommittee on airland that the DOD remains firmly committed to the F-35 as “the backbone of U.S. air combat superiority for years to come.” Still, he acknowledged that the program, which is...