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Friday, June 04, 2010

DOD Says F-35 JSF Program Could End Up Costing $382B

F-35 Lightning IIAs lawmakers and military officials continue to show disappointment in prolonged budget issues and delays in the next-generation joint strike fighter program, the Department of Defense said the program could end up topping $382 billion.

Each F-35 Lightning II aircraft, which will be available for $92.4 million, continues to struggle due to budget problems.

This is a "cradle-to-grave" estimate -- meaning the cost from manufacturing to retirement. The inflated price tag is related to contractor labor costs and higher overhead rates.

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