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C-5-A Costs / Lockheed Georgia #445723

NBC Evening News for Thursday, May 22, 1969
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(Studio) Congress asks Air Force Comptroller if there'll be another bad contract like C-5-A contract with Lockheed. He says `no.'
REPORTER: David Brinkley

(Marietta, Georgia) C-5-A Mil. Transport is Air Force showcase. Cost reported as $2 million over original cost. Lockheed Georgia president T.R. May blames overrun on inflation. [MAY - explains how inflation changes cost.] Lockheed doesn't count extra hardware needed to keep C-5-A flying; their estimates differ with critics. No scandal unearthed. Program's size enhances errors and cost increases 2/3 planes built by subcontractors-in 45 states. Air Force examines construction steps which cost more. Overrun due to military- industry complex and taxpayers continue to accept it.
REPORTER: Blaine Littell

Reporter(s):
Brinkley, David;
Littell, Blaine
Duration:
00:06:00

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