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