View Single Post
Old 11th Jul 2017, 08:30
  #10619 (permalink)  
Ecce Homo! Loquitur...
Join Date: Jul 2000
Location: Peripatetic
Posts: 10,046
What a surprise!!!!!!

Pentagon predicts F-35 program costs to jump by $27 billion: report | TheHill

The Pentagon’s F-35 fighter jet program, the most expensive program to date, is expected to jump by at least $27 billion in costs, Bloomberg reported.

The total acquisition cost for the Lockheed Martin-made F-35 is predicted to spike about 7 percent to at least $406.5 billion, according to a draft of the Selected Acquisition Report, to be submitted to Congress this week. The uptick follows several years of declining estimates. The report expected the current cost of $379 billion from a previous high of $398.5 billion in early 2014.

F-35 program spokesman Joe DellaVedova didn’t immediately respond to Bloomberg on the cost estimate increase. The Joint Strike Fighter program office typically waits until the report is formally released to Congress before commenting.

Delayed testing could be one reason for the increase. The Government Accountability Office (GAO) in April released a report that said “cascading F-35 testing delays” could add more than $1 billion to the cost of the program......
ORAC is offline