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Monday, March 22, 2010

US F-35 fighter fleet's price may be double forecast

F-35 Lightning IIThe estimated total cost of Lockheed Martin Corp's F-35 fighter jets being bought by the Pentagon may be nearly twice as high as originally forecast, the U.S. Defense Department said Friday.

The bill for 2,443 F-35s is currently estimated at $278 billion to $329 billion, up from the $197 billion projected when the development program began in October 2001, taking into account inflation, a one-page Pentagon F-35 "unit cost" report said.

The percentage hike per aircraft is even higher than for the fleet overall because the Pentagon now plans to buy 409 fewer F-35s than the 2,852 it originally planned.

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