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Navy/USMC

F-35 Acquisition Cost Jumps Above $400 Billion In Latest Cost Estimate

Wednesday, July 19th, 2017

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F-35 Acquisition Cost Jumps Above $400 Billion In Latest Cost Estimate

Hill Air Force Base F-35As fly in formation over the Utah Test and Training Range, March 30, 2017. (U.S. Air Force photo/R. Nial Bradshaw)

The total cost of acquiring the Lockheed Martin [LMT] F-35 Joint Strike Fighter has risen more than $27 billion due to an increase in per-unit cost because the Pentagon has slackened the pace at which it will buy the jets and engines made by Pratt & Whitney, a division of United Technologies [UTX].According to the Selected Acquisition Report (SAR) for 2016 released June 18, overall F-35 program cost went up $27.4 billion, from $379 billion to $406.4 billion. Most of…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]