New Estimates Peg the Lifetime Cost of Lockheed F-35 Lightning II at $1.45 Trillion
March 29, 2012 11:21 AM
Analyst says three fourths of cost increases come from the way the U.S. government estimates costs
The cost of F-35 Lightning II fighter program continues spiral ever upwards. The United States is now projecting that the total cost to develop, operate, and purchase the Lockheed Martin F-35 will total $1.45 trillion over the next 50 years.
notes the figures come from a Pentagon report that it obtained.
The $1.45 trillion estimate is up from the
roughly $1 trillion estimate the government used a year ago
. The new estimate does include inflation expected over the next 50 years. Military officials are fast point out that this is the first military program to be calculated over so many years and that expected inflation accounts for more than a third of the projected operating costs for the F-35 over the next half-century. The actual cost could be significantly less, or if inflation hits hard the program could cost more.
The new estimates also include the Pentagon's plan to postpone orders for 179 F-35 fighters by five years. In the short term that move will save $15.1 billion through 2017, but it also pushes the purchase further out when inflation will mean the aircraft will cost more.
Other than saving money, military officials and program managers hope that the five-year
will mean problems found in testing can be worked out before aircraft are produced in high numbers. The total Pentagon plan still has the originally expected 2,443 fighters being purchased. However, senior military officials have already warned that additional technical problems or cost increases in the F-35 program could change the number of aircraft government purchases.
The estimated cost per F-35 is $135 million for the airframe, and an additional $22 million for the Pratt & Whitney engine (this includes R&D and inflation).
Program managers for the F-35 argue that much of the reason for cost inflation and price overruns on the project continues to be due to the U.S. government changing how it estimates costs. The government has also begun splitting up the cost of the airframe and engine making direct comparisons to previous aircraft impossible.
Defense analyst Loren Thompson says that three fourths of the cost increases the F-35 program has encountered are directly linked to changes in the scope of the program and the way the government estimates costs. Thompson cites the fact the Pentagon initially planned the station the F-35 at 33 bases and then later change the number 49 bases. The government also originally calculated operating costs over 30 years and then chose to calculate them over 50 years. Costs could increase even more if partner nations cut orders for the F-35.
"The program costs appear to be rising much faster than they actually are because the government keeps changing how it calculates things," Thompson said.
recently hinted that it might consider cutting its F-35 orders.
"It's okay. The scenarios aren't that clear. But it's good looking. [Steve Jobs] does good design, and [the iPad] is absolutely a good example of that." -- Bill Gates on the Apple iPad
Report: Canada Considers Cutting F-35 Lightning II Orders
March 14, 2012, 1:53 PM
Report: DoD Could "Stretch Out" F-35 Lightning II Purchases
December 12, 2011, 12:20 PM
F-22 Upgrades Over Budget and Behind Schedule, F-35 May Cost $1T in Operating Costs
May 20, 2011, 10:17 AM
Cyber Hackers Threaten Security of Lifesaving Medical Devices
October 19, 2016, 8:09 AM
Innovative Neurotechnology in Sound Therapy Reduces High Blood Pressure and Migraines
October 16, 2016, 5:00 AM
Researchers Move Closer to Breakthrough Gene Therapy to Cure Sickle Cell
October 14, 2016, 5:00 AM
Keytruda: A breakthrough treatment to increase survival rates for lung cancer patients
October 12, 2016, 5:00 AM
CDC Warning about Record High Increases in 2016 for Polio-like Illness causing Paralysis
October 9, 2016, 5:00 AM
Hypertension in children impacts cognitive performance
October 5, 2016, 5:00 AM
Most Popular Articles
Problems with Windows 10 – Update Now
October 15, 2016, 7:30 AM
End of the Road for the Audi R8 e-tron
October 15, 2016, 5:00 AM
Is Razer Blade Stealth Laptop For You?
October 16, 2016, 5:00 AM
Bluetooth Saves Lives
October 16, 2016, 7:05 AM
IBM – Cloud Object Storage Cheaper than Amazon S3
October 14, 2016, 5:00 AM
Latest Blog Posts
Nasa Flies Drones at Nevada Airport
Oct 21, 2016, 8:21 AM
T-Mobile Data Problems
Oct 20, 2016, 10:17 AM
Annoying Apple Watch Problems and How to Fix Them
Oct 20, 2016, 5:00 AM
Your Mail May Soon Be Delivered By Robot
Oct 19, 2016, 9:34 AM
2018 Jeep Wrangler Prototype Sells At Junkyard
Oct 18, 2016, 5:00 AM
Samsung Shines with Gold Edition Tablet
Oct 17, 2016, 9:24 AM
Tesla Hints Mysterious Product Debut for October 17th
Oct 16, 2016, 10:14 AM
Samsung Galaxy Note 7 Phones on US flights
Oct 15, 2016, 5:00 AM
Comcast Fined $2.3 Million For Unconfirmed Services Charged To Customers
Oct 14, 2016, 5:00 AM
“American singer / songwriter “Bob Dylan is awarded 2016 Nobel Prize in Literature.
Oct 13, 2016, 10:33 AM
Battery Defect in Medical Device
Oct 12, 2016, 5:00 AM
IBM Bolsters Social Services Sector With Technology Grants
Oct 11, 2016, 5:00 AM
Scientists Sound Alarm on Climate but US Still Toys With Skepticism
Oct 10, 2016, 5:00 AM
IMEX America Trade Show
Oct 9, 2016, 10:00 AM
Phone Wars – Google VS Samsung Free Gifts on Purchase
Oct 6, 2016, 5:00 AM
Member of Parliament’s opposition car exploded in Tbilist capital of Georgia
Oct 5, 2016, 2:52 PM
US Government Cuts Cord On Internet Oversight
Oct 3, 2016, 10:34 AM
Are farm children less likely to have allergies and asthma in adulthood?
Sep 30, 2016, 5:00 AM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information