Obama signs defense spending bill — with reservations: The fact that I support this bill as a whole does not mean I agree with everything in it," Obama said in a signing statement appended to the measure. "In particular, I have signed this bill despite having serious reservations with certain provisions that regulate the detention, interrogation and prosecution of suspected terrorists."
The National Defense Authorization Act seeks to curb cost overruns of Lockheed Martin Corporation's F-35 fighter for the fiscal year that began Oct. 1. Lawmakers, frustrated by delays and cost overruns, ordered the Pentagon to make Lockheed Martin absorb costs if it exceeds a negotiated target in a forthcoming sixth F-35 production contract.
The Defense Department is currently negotiating the fifth contract for the F-35. At $382 billion, it is the Pentagon's largest weapons program.
The National Defense Authorization Act seeks to curb cost overruns of Lockheed Martin Corporation's F-35 fighter for the fiscal year that began Oct. 1. Lawmakers, frustrated by delays and cost overruns, ordered the Pentagon to make Lockheed Martin absorb costs if it exceeds a negotiated target in a forthcoming sixth F-35 production contract.
The Defense Department is currently negotiating the fifth contract for the F-35. At $382 billion, it is the Pentagon's largest weapons program.
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