F-35 program updates

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Elite 3K

Elite 3K

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Unread post13 Mar 2018, 20:43

Lockheed F-35 Cost Stabilizes at $406 Billion, Pentagon Says

The Pentagon’s estimated cost to develop and purchase Lockheed Martin Corp.’s F-35 jet, the costliest U.S. weapons program, has stabilized for now, according to a new report to Congress.

The total acquisition cost for the advanced fighter is projected at $406.1 billion, virtually unchanged from the $406.5 billion estimated last year, according to the Defense Department’s latest Selected Acquisition Report, which will be sent to Congress this week. The projections were obtained in advance by Bloomberg News.

Within the total -- which includes research, development and initial support such as spare parts and military construction -- the estimated cost to procure 2,456 U.S. aircraft has ticked down to $345.4 billion from $346.1 billion, or a 0.2 percent decline.

That’s good news for the F-35, which has wide support in Congress but a past marred by cost overruns. Last year, the annual acquisition report on major weapons estimated that costs would rise about 7 percent to $406.5 billion after several years of declining projections.

More at the link

I'll give more details as they are released.
"The early bird gets the worm but the second mouse gets the cheese."
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Elite 1K

Elite 1K

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Unread post20 Mar 2018, 08:36

South Korea's first F-35 (AW-1) has flown:

https://www.flickr.com/photos/105988702 ... 200650964/


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