The Lockheed F-35 Needs Another Half Billion Dollars

  • Pentagon officials says funds to be requested in next budget
  • Testing director ‘very strongly’ urges restructuring program

F-35 Fighter Jets Put to the Test Off North Carolina

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The Pentagon will need as much as $530 million extra to finish the development phase for Lockheed Martin Corp.’s F-35, the most expensive U.S. weapons system ever, defense officials said.

The F-35 program office made the request for more money to complete development, which is supposed to be in its last stretch after 15 years, during a closed-door review last month by the Defense Acquisition Board, according to the officials.