Lockheed Gets Edict to Cut F-35's $1.1 Trillion Support Bill
- Air Force could be forced to cut purchases if costs remain
- Company says it is taking steps to lower some estimated costs
A United States Air Force (USAF) F-35B Lighting II jet, manufactured by Lockheed Martin Corp., at the Singapore Airshow held at the Changi Exhibition Centre in Singapore, on Wednesday, Feb. 7, 2018.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Lockheed Martin Corp. must find ways to reduce the Pentagon’s current $1.1 trillion estimate to own and operate the F-35 jet, the world’s costliest weapons program, according to the Defense Department’s latest annual program overview.
According to the document, Lockheed “must embrace much-needed supply chain management affordability initiatives” to cut costs on the next-generation stealth fighter.