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Pentagon confirms cost of Lockheed Martin's F-35 up by 60-90 per cent
Domain-B ^ | March 12, 2010

Posted on 03/13/2010 6:30:07 AM PST by myknowledge

Inspite of strenuous efforts by the world's largest defence contractor, Lockheed Martin, to contradict reports that the Joint Strike Fighter programme was heading for substantial cost and time overruns, it has now been confirmed in Pentagon testimony before the US Congress's Senate Armed Services Committee that the cost of the programme has increased 60 to 90 per cent in real terms since 2001.

Even as the Pentagon steps into overdrive trying to reassure stakeholders, which are three armed services of the United States and eight partner nations that it will take all required steps to deal with the problems, Congressional auditors have said the program was likely to haemorrhage in terms of costs and suffer time overruns.

The F-35 Lightning II is a single-engine stealth fighter designed primarily for ground attack roles. It is meant to form the backbone of American and allied air forces over the next several decades.

The US Air Force, the US Navy and the US Marine Corps plan to buy 2,443 of the planes. Eight allied nations have also invested in the programme, and though not committed to buy any, are ready to purchase hundreds of additional planes.

The JSF project has eight partner countries and two Security Cooperative Participants (SCPs). The partners include the United Kingdom, Italy, Netherlands, Turkey, Canada, Australia, Denmark, and Norway. The two SCPs are Israel and Singapore.

The latest cost and schedule estimates are likely to embarrass not just Lockheed Martin, but the respected defence secretary, Robert M Gates, who promoted the new jet at the expense of another costly defence acquisition, the F-22 Raptor air dominance fighter.

Christine H Fox, a top Pentagon official said at Thursday's hearing that the estimated price of each F-35 had jumped to $80 million to $95 million, as measured in 2002 dollars, from $50 million when Lockheed Martin was awarded the contract in 2001. This would equal to $95 - $113 million for each plane in current dollars.

Secretary Gates recently fired the general in charge of the programme and announced measures aimed at getting the programme back on track.

Michael Sullivan, an analyst at the Government Accountability Office, said the programme could eventually cost $323 billion, near to double the original $200 billion estimate. He also said that though recent changes could help ease problems, ''further cost growth and schedule extensions are likely.''


TOPICS: Foreign Affairs; Government; News/Current Events
KEYWORDS: costoverruns; f35; f35lightningii; navair; pentagon
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To: myknowledge

I wonder how much the proportion of European-based components in the venture is a factor in the total cost increase (what are the component-by-component increases and the national sources of each component with a major increase?).


21 posted on 03/13/2010 11:17:36 AM PST by Wuli
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To: Vroomfondel; SC Swamp Fox; Fred Hayek; NY Attitude; P3_Acoustic; Bean Counter; investigateworld; ...
SONOBUOY PING!

Click on pic for past Navair pings.

Post or FReepmail me if you wish to be enlisted in or discharged from the Navair Pinglist.
The only requirement for inclusion in the Navair Pinglist is an interest in Naval Aviation.
This is a medium to low volume pinglist.

22 posted on 03/13/2010 2:29:12 PM PST by magslinger (Cry MALAISE! and let slip the dogs of incompetence.)
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To: Sequoyah101

Entirely true statement there. It’s more logical than the armchair general mentality played out by the irrational generals.


23 posted on 03/13/2010 5:33:28 PM PST by myknowledge (F-22 Raptor: World's Largest Distributor of Sukhoi parts!)
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To: Bulldawg Fan
The F 22 is built outside of Atlanta, not sure about the other air craft.

Currently, the F-35 is being built in Ft. Worth, TX, but subassembly production will move to Marietta, GA once the F-22 line shuts down at the end of this year.

24 posted on 03/13/2010 6:13:16 PM PST by Yo-Yo (Is the /sarc tag really necessary?)
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