by Karl Utermohlen | October 25, 2013 1:10 pm
The Pentagon has just lost a lot of money trying to build an airship that was supposed to hover over war zones for up to three weeks.
MSN reports that the Long Endurance Multi-Intelligence Vehicle was a project that was meant to help the U.S. out during the war in Afghanistan but it ended up being a waste of money. The airship cost $297 million to make and after being eight months behind schedule and 12,000 pounds overweight, the Pentagon scrapped the project and sold the vehicle to the company that made it for $301,000.
The Army believes that it wasn’t a complete waste of money for the Pentagon as the technology learned from the project will help them save money in the long run.
The opinions contained in this column are solely those of the writer.
Want to share your own views on money and politics? Drop us a line at firstname.lastname@example.org and we might reprint your views in our InvestorPolitics blog! Please include your name, city and state of residence. All letters submitted to this address will be considered for publication
Source URL: http://investorplace.com/investorpolitics/pentagon-spends-300m-build-spy-blimp-sells-300k/
Short URL: http://investorplace.com/?p=427107
Copyright ©2016 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.