F-35 Costs Jumped by 10% Since Late 2023 Due to Modernization and Lack of Spare Parts

F-35 costs jumped by 10% since late 2023 due to modernization and lack of spare parts

The Pentagon's most expensive weapon system ever has gotten even pricier, with the F-35 Joint Strike Fighter program now costing about $51 billion more than it did in December 2023, according to a new government report. Altogether, the revised overall estimate to acquire both the F-35 aircraft and F135 engine totals roughly $536.2 billion -- a 10% increase compared to the $485.2 billion the procurement program was estimated to cost in 2023, acco…

Lockheed’s Pricey F-35 Sees 10% Cost Jump for Needed Upgrades

The cost of the Lockheed Martin Corp. F-35 program — already the most expensive in US history — has risen by about $51 billion, or about 10%, since late 2023 because of software, readiness, spare parts and engine power improvements.