The new plan for follow-on modernization of the F-35 could cost as much as $16 billion, lawmakers revealed during a hearing on March 7. (Chad Bellay/Lockheed Martin)
Defense News: New F-35 modernization plan could come with hefty $16B price tag
WASHINGTON — Under the F-35 joint program office’s latest plan, follow-on modernization for the Joint Strike Fighter could add up to a total of $16 billion, the Defense Department’s program head confirmed Wednesday.
Responding to questions from lawmakers about the price of implementing the new Continuous Capability Development and Delivery strategy, or C2D2, Vice Adm. Mat Winter acknowledged that U.S. and international customers could pay up to $10.8 billion for development and $5.4 billion for procurement of upgrades to the F-35 between fiscal years 2018 through 2024.
Last September at the Defense News conference, Winter announced that the JPO had re-envisioned the F-35’s follow on-modernization plan, also known as Block 4, as a more iterative process where software updates would be pumped out every six months. New computing systems, sensors and weapons would also be incorporated during the period.
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More News On The F-35 Costs Continuing To Rise
More Problems, More Money: F-35 Costs Soar Faster Than the Planes Do -- Sputnik
Lockheed Martin F-35 Bulk Buy Plan Due As Modernization Bill Seen At $16 Billion -- Investor's Business Daily
Lockheed and the Pentagon head back to the negotiation table over F-35s — it's all about cost -- CNBC
The F-35 will cost a staggering $1 billion every year -- We Are The Mighty
2 comments:
No surprise. How can we have a "stealth" plane at low cost? I like Lockheed but I wish it will be punished for its huge lie.
Jac,
Some cost overruns are caused by Congress and 'requirements' people (bad requirements; conflicting requirements).
Some cost overruns are caused by tech immaturity.
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