backtop


Print


LRIP5 purchase may be smaller than wanted  (Source: Lockheed)
The Pentagon is asking for $151 million to cover cost overages

The F-35 is the most expensive acquisition program in the history of the U.S. armed forces. The overall price tag for the program is pegged at somewhere in the $380 billion range and the costs keep moving upward. The Pentagon is making moves to cut the costs of the program and that means that fewer aircraft will be purchased as a result.

The Pentagon has asked congress to approve a $151 million funding transfer to cover the increased development costs that were associated with the program before most of the new cost cutting measures were in place. The cost overruns were incurred with the first 31 of the aircraft to be built and purchased over the last five years. The aircraft were part of the first three low-rate initial production (LRIP) buys.

The Pentagon made the request for the funding transfer to Congress in a 91-page document dated June 30. The document stated, "If the reprogramming request is not approved, additional funding within the JSF program will be diverted to cover these costs." That diversion could result in fewer of the jets being purchased in the coming LRIP 5 contract.

The document also notes that the funding transfer of $151 million would cover additional costs to develop both the airframe and the propulsion system. Defense News points out that the cost increase came before the F-35 plan was restructured by former Defense Secretary Robert Gates.

The document presented to Congress also noted, "The JSF program is already working to cover most of the cost overruns internally."

The Pentagon expects to publish an updates cost estimate for the program this fall. While costs are still a concern for the F-35 Program things have been moving forward with flight tests being completed. This is despite some other issues with the program that have surfaced recently.

Earlier this month the F-35 fleet was grounded due to a failure of the aircraft's integrated power supply. The Pentagon is also pushing hard to further reduce the costs of the program and is seeking to cut the costs of subcontractors.





"You can bet that Sony built a long-term business plan about being successful in Japan and that business plan is crumbling." -- Peter Moore, 24 hours before his Microsoft resignation






Most Popular ArticlesSuper Hi- Vision Will Amaze the World
January 16, 2017, 9:53 AM
Samsung Chromebook Plus – Coming in February 2017
January 17, 2017, 12:01 AM
Samsung 2017 Handset’s Updates
January 17, 2017, 12:01 AM
Comparison – Surface Pro VS Tbook X5 Pro
January 21, 2017, 7:00 AM
Comparison – iPad Mini Vs Huawei MediaPad M3
January 19, 2017, 2:08 AM

Latest Blog Posts
Apple Watch
Saimin Nidarson - Jan 24, 2017, 6:51 AM
Some new News
Saimin Nidarson - Jan 23, 2017, 8:59 AM
What is new?
Saimin Nidarson - Jan 22, 2017, 7:00 AM
News
Saimin Nidarson - Jan 20, 2017, 7:00 AM
News of the World
Saimin Nidarson - Jan 19, 2017, 7:00 AM
Some tips
Saimin Nidarson - Jan 17, 2017, 12:16 AM
News of the Day
DailyTech Staff - Jan 16, 2017, 12:10 PM
Tech News
Saimin Nidarson - Jan 15, 2017, 12:32 AM
Here is Some News
Saimin Nidarson - Jan 14, 2017, 12:39 AM
News around the world
Saimin Nidarson - Jan 12, 2017, 12:01 AM
Rumors and Announcements
Saimin Nidarson - Jan 11, 2017, 12:01 AM
Some news of Day
Saimin Nidarson - Jan 7, 2017, 12:01 AM
News 2017 CES
Saimin Nidarson - Jan 6, 2017, 12:01 AM






botimage
Copyright 2017 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki