F-35 Program Costs Jump to $406 Billion in New Pentagon Estimate

The cost of the F-35 jet program, already the most expensive U.S. weapons program ever, is estimated to climb further, according to figures to be submitted to Congress as soon as Monday. Total acquisition costs for Lockheed Martin Corp.’s next-generation fighter are expected to rise about 7 percent to at least $406.5 billion, according to figures in a draft document known as a Selected Acquisition Report. That would be a reversal after several years of estimates that have declined to $379 billion currently from a previous high of $398.5 billion in early 2014. -- More...

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