Lockheed gets edict to cut F-35 support billby Anthony Capaccio, Bloomberg
Lockheed Martin Corp. must find ways to reduce the Pentagon’s current $1.1 trillion estimate to own and operate the F-35 jet, the world’s costliest weapons program, according to the Defense Department’s latest annual program overview.
According to the document, Lockheed “must embrace much-needed supply chain management affordability initiatives” to cut costs on the next-generation stealth fighter.
The $1.1 trillion estimate to sustain the U.S. F-35 fleet through 2077 was compiled in 2015 by the Pentagon’s independent cost assessment office but has not been updated, according to the Selected Acquisition Report, or SAR, obtained by Bloomberg News. The Pentagon said this week that the estimate will be updated next year before acquisition officials meet to decide whether the program should enter full-production.