Lockheed’s F-35 Program Sees 10% Cost Increase of $51 Billion
Macro·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
The cost of the Lockheed Martin Corp. F-35 program — already the most expensive in US history — has risen by about $51 billion, or about 10%, since late 2023 because of software, readiness, spare parts and engine power improvements.
This increase highlights ongoing challenges in managing the program's expenses as it continues to evolve and require additional funding for necessary upgrades.
Lockheed Martin
Sources
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“The cost of the Lockheed Martin Corp. F-35 program — already the most expensive in US history — has risen by about $51 billion, or about 10%, since late 2023 because of software, readiness, spare parts and engine power improvements.”
Bloomberg — Lockheed’s Pricey F-35 Sees 10% Cost Jump for Needed Upgrades