The U.S. Air Force faces the prospect of 15-25% in annual reductions this fiscal year in its planned acquisition of the conventional F-35A Joint Strike Fighter. And believe it or not, that is the good news. The bad news is the cuts are likely to happen again next year due to the same political impasse that led to the 2011 Budget Control Act and its nightmarish “sequestration,” or widespread automatic budget cuts, which started to take effect last month and seem more than likely to do so ...


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