Friday, November 4, 2016

The Pentagon Wants $500 Million More To Finish F-35 Development

Courtesy of Lockheed Martin

Bloomberg: The Lockheed F-35 Needs Another Half Billion Dollars

* Pentagon officials says funds to be requested in next budget
* Testing director ‘very strongly’ urges restructuring program

The Pentagon will need as much as $530 million extra to finish the development phase for Lockheed Martin Corp.’s F-35, the most expensive U.S. weapons system ever, defense officials said.

The F-35 program office made the request for more money to complete development, which is supposed to be in its last stretch after 15 years, during a closed-door review last month by the Defense Acquisition Board, according to the officials.

The Defense Department and the military services that are counting on the three versions of the F-35 are assessing how to pay for a request that would go into the department’s fiscal 2018 budget proposal. Approving the added funds would probably be the first F-35 decision to reach the desk of the next defense secretary.

Read more ....

More News On The Pentagon Requesting $500 Million More For F-35 Development Costs

The Pentagon wants a half-billion more dollars for the F-35 -- Business Insider
Never enough: $500mn more needed for F-35, Pentagon told -- RT
Bloomberg: DoD Needs $530M Extra to Finish F-35 Development Phase -- ExecutiveGov
Most Expensive Weapon System Ever Needs An Extra Half Billion Dollars -- Daily Caller


jon said...

Do they want an extra cupholder?

James said...

Apparently they forgot to buy the fuel for one test flight.

rjbrash said...

Someone's retirement fund was low.

James said...

"Someone's retirement fund was low."........Good one!