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Wednesday, December 18, 2013

Lockheed F-35 Bad Deal as One Jet for All, Report Finds

F-35C Lightning IILockheed Martin Corp.’s F-35 jet fighter, designed by the Pentagon to serve the Air Force, Navy and Marine Corps, is likely to end up costing more than it would to build separate planes for each service, a Rand Corp. study has found.

“Under none of the plausible conditions we analyzed did” the F-35 “have a lower life-cycle cost estimate,” Rand, a nonprofit research institution, said in the report released this week on the plane known as the Joint Strike Fighter.

The report questions a fundamental tenet of the Pentagon’s costliest weapons program -- that building different versions on a common base will reduce costs. Rand analyzed an estimated $1.5 trillion “life-cycle cost” that includes acquisition plus long-term support of the fleet.

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