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...consider to be unacceptable delays and cost overruns over the past year, this department has taken a number of steps to fundamentally restructure this program," Gates told a House panel on Wednesday. "I have replaced the [F-35] program manager ... while withholding more than $600 million ... from the lead contractor" - that would be Lockheed Martin, the nation's biggest defense firm, the same company that built...

Author: /time Magazine | Title: The Costly F-35: The Saga of America's Next Fighter Jet | 3/25/2010 | See Source »

...Gawker has reported that Yéle Haiti paid Zakiya Khatou-Chevassus, Jean's personal assistant and rumored mistress, $105,000 for "program development" as an independent contractor in 2008. Khatou-Chevassus' compensation represents one third of Yéle Haiti's 2008 budget for management and general expenses and three times the salary of Suzie Sylvain, Yéle Haiti's dedicated program director, according to Gawker...

Author: By George T. Fournier, CONTRIBUTING WRITER | Title: Really, Wyclef? | 3/23/2010 | See Source »

...break down without clean high-octane gasoline that's hard to find in Iraq. And such is the capacity of their resupply operation that they beg for water from passing foreign convoys. "They'd die out here in summer if it wasn't for us," says one American security contractor...

Author: /time Magazine | Title: Dangerous Omens for an Iraq Without U.S. Troops | 3/2/2010 | See Source »

...succeed should look at the Haitian diaspora, Shifter says, "which has proven to be remarkably entrepreneurial and resourceful" in ways it couldn't be under the corrupt, ossified system in their homeland. One of these émigrés is Serge Jean-Louis, a thriving Haitian-American construction contractor in South Florida. "I'm eager to fly back and help rebuild Haiti," he told TIME shortly after the quake. And chances are, he'll surpass Haiti's dismal standards and help rebuild more to the modern specs of Chile...

Author: /time Magazine | Title: Chile and Haiti: A Tale of Two Earthquakes | 3/1/2010 | See Source »

...specially outfitted 747 used an onboard laser beam last week to shoot down a missile for the first time. It was, perhaps just as significantly, a flying military-industrial complex all by itself. Boeing (the nation's third-biggest defense contractor) built the plane that carried the laser (built by Northrop Grumman, the nation's second biggest defense contractor) that was aimed by Lockheed Martin (the nation's biggest defense contractor). It took the three companies 14 years (eight more than expected) and $4 billion ($3 billion more than anticipated) to finally shoot down the fake enemy missile over...

Author: /time Magazine | Title: Star Wars Boosters Fired Up by Laser Show | 2/16/2010 | See Source »

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