F-35 Fighter Jet – The World’s Costliest Weapons Program – Just Got More Expensive
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The world's most expensive weapons program - the US's F-35 fighter jet - got even more costly, according to the Pentagon. The program to develop and procure the plane will cost a total of $438 billion, up $26 billion from the last estimate a year ago, according to the F-35's new Selected Acquisition Report released Monday. The 6.5% increase is actually relatively modest by the standards of the program, which originally was $233 billion when Lockheed Martin Corp. won the contract in 2001.“The cost data in question was driven after accounting for inflation” and readjustment of the Air Force, Navy and Marine Corps production plans which extend from 2044 to 2049, the program office said in a statement. The new estimate does not change the total number of planned aircraft, which inclu...