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4-Year Delay Projected for Accurate DoD Tracking of F-35 Parts in Accountable Property System of Record

Frank Wolfe Frank Wolfe
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4-Year Delay Projected for Accurate DoD Tracking of F-35 Parts in Accountable Property System of Record
Members of the Oklahoma City Air Logistics Complex Heavy Maintenance Center inspect an Air Force F-35A Lightning II Demonstration Team aircraft prior to a demonstration flight at Tinker AFB, Okla. on May 25, 2021. The Air Force said that some of the personnel who repair the F-35's Pratt & Whitney F135 engine that powers the F-35A have never seen the aircraft in person (U.S. Air Force Photo)

The Pentagon's fiscal 2022 financial audit projects a four-year delay in the full and accurate accounting of F-35 parts in an Accountable Property System of Record (APSR). "The correction target date was adjusted from FY 2023 to FY 2027 due to additional time needed to develop and implement the requisite policies, procedures, and systems needed to accurately record, track, and report certain JSF [Joint Strike Fighter] assets in the financial statements," the audit said. JSF "program property are not accounted…

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