Lockheed F-35 Program Costs Plummeted $4.5 Billion in 2012
May 24, 2013 8:00 AM
comment(s) - last by
All programs covered in the annual selected acquisitions report state under their spending caps
The Pentagon and military leaders in the U.S. have been under intense pressure concerning the F-35 Lightning II program and
how far over budget it has climbed over the years
. With the
past history of cost overruns
, the Pentagon is now letting everyone know that costs for the program fell by $4.5 billion last year.
This is the first time in the F-35 Lightning II program that estimators have lowered the projected cost of the Pentagon's most expensive acquisition program. The annual Pentagon selected acquisitions report, which was published Thursday, is currently projecting the cost to develop and procure the F-35 Lightning II at a little more than $391 billion.
The F-35 Lightning II is one of 78 acquisition programs that was covered in the selected acquisitions report. It's worth noting that the F-35 Lightning II wasn't the only program able to stay under the spending cap covered in the program. The Pentagon undersecretary for acquisition, technology, and logistics, Frank Kendall noted that this was the "first time in my memory" that no program covered in the SAR went over the federal spending cap.
The F-35 Lightning II is broken down into two sub programs by the report including Lockheed Martin's portion of building the actual aircraft and
Pratt & Whitney
, the engine builder. $4.9 billion in savings actually came from Lockheed Martin, while Pratt & Whitney actually saw a cost increase of roughly $442 million due to development and procurement of the engines.
Currently, total flyaway costs the F-35A are $76.8 million with the Navy carrier-based version costing $88.7 million. The Marine Corps version, the F-35B, saw costs decline the most to $103.6 million per unit.
The entire F-35 Lightning II fleet had been
earlier this year when a crack was discovered in an engine component on one fighter. The aircraft were cleared to fly again in March.
This article is over a month old, voting and posting comments is disabled
RE: Are these things actually in service ANYWHERE?
5/25/2013 3:22:57 PM
why post about things u know nothing about , the f35 is a overpriced piece of junk, thats not debatable.
"We are going to continue to work with them to make sure they understand the reality of the Internet. A lot of these people don't have Ph.Ds, and they don't have a degree in computer science." -- RIM co-CEO Michael Lazaridis
F-35 Lightning II Cleared to Resume Flight Operations
March 4, 2013, 9:27 AM
New Estimates Peg the Lifetime Cost of Lockheed F-35 Lightning II at $1.45 Trillion
March 29, 2012, 11:21 AM
Pratt & Whitney Works to Lower Cost of F-35 Engine
June 7, 2011, 12:41 PM
Senators Want Alternatives to Lockheed F-35 Joint Strike Fighter
May 23, 2011, 12:44 PM
Creationists are Mad About Google Doodle Depicting Evolution
November 24, 2015, 8:48 PM
DHS and TSA: Whoops, We Missed That 73 Airport Employees May be Terrorists
November 19, 2015, 2:16 PM
Star Wars Spinoff Film "Rogue One", Theme Park Attractions Announced
August 17, 2015, 12:20 PM
SpaceX Falcon 9's Seventh Supply Mission to ISS Ends w/ Fiery Stage 1 Explosion
June 28, 2015, 1:10 PM
Cool Science Video: Glowing Millipede Prowls the Nevada Desert
May 18, 2015, 12:00 PM
Newly Discovered Costa Rican Glass Frog is Kermit's Doppelgänger
April 22, 2015, 11:26 AM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information