PENTAGON: Lockheed Martin scrambled today to explain the latest increases in the Joint Strike Fighter’s costs, arguing that the three versions of the aircraft “will be comparable to or lower than that of the seven” older airplanes it will replace. Overall, the F-35 will cost an appreciably impressive $1.5 trillion over the 55 years it is expected to be flying, up from an estimated $1 trillion.
The latest numbers were released this afternoon as part of the Pentagon’s authoritative Selected Acquisition Report. The overall value of the program comes from a Lockheed Martin statement. Keep reading →