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Navy/USMC

F-35 Acquisition Cost Jumps Above $400 Billion In Latest Cost Estimate

Wednesday, July 19th, 2017

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F-35 Acquisition Cost Jumps Above $400 Billion In Latest Cost Estimate

Hill Air Force Base F-35As fly in formation over the Utah Test and Training Range, March 30, 2017. (U.S. Air Force photo/R. Nial Bradshaw)

The total cost of acquiring the Lockheed Martin [LMT] F-35 Joint Strike Fighter has risen more than $27 billion due to an increase in per-unit cost because the Pentagon has slackened the pace at which it will buy the jets and engines made by Pratt & Whitney, a division of United Technologies [UTX].According to the Selected Acquisition Report (SAR) for 2016 released June 18, overall F-35 program cost went up $27.4 billion, from $379 billion to $406.4 billion. Most of…

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Congress

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Army

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The House Armed Services Committee (HASC) chairman’s mark of the fiscal year 2027 defense authorization act, released May 26, largely approved the Navy’s shipbuilding request, but it added funds to […]