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Air Force

DoD Reports Increase In F-35 Acquisition Costs

Pat Host

Thursday, April 17th, 2014

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DoD Reports Increase In F-35 Acquisition Costs

The Marine Corps' short takeoff and vertical landing (STOVL) F-35B performs a vertical landing. Photo: Lockheed Martin.

F-35 acquisition costs increased $7.4 billion over a year, up 1.9 percent from last year, according to the 2013 Selected Acquisition Report (SAR) submitted to Congress Thursday. Acquisition costs rose from $391.2 billion in the 2012 SAR to $398.6 billion, according to the Defense Department, while overall lifecycle costs decreased $89.4 billion. Operating and support costs also decreased 8.7 percent, a total drop of $96.8 billion, due primarily to cost data updates including the historical cost escalation, an update to…

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