Lockheed F-35 Cost Stabilizes at $406 Billion, Pentagon Says
- New report to Congress shows slight decline in overall cost
- Projected procurement costs tick down to $345.4 billion
Photographer: Simon Dawson/Bloomberg
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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.