Lockheed Martin CEO Jim Taiclet pitched the F-55 Ferrari concept — a supercharged F-35 incorporating technology from the company’s failed sixth-generation fighter demonstrator — after losing the Next Generation Air Dominance program to Boeing’s F-47 in 2025. The F-35 took more than 20 years and over $1 trillion to develop, and its current readiness rating sits at barely 50%. The Technology Refresh-3 upgrade required for the full Block 4 moderniz…