Saturday, October 18, 2014

Here's Another Sign Of How Astronomically Expensive The F-35 Is

F-35 Lightning IIThe US military is trying to reduce its size and spending as it winds down its mission in Afghanistan and attempts to pivot away from the Middle East. But there’s one multi-billion dollar factor standing in the way, for one branch of the military at least: the troubled F-35 Joint Strike Fighter.

From 2012 to 2013, the only American military branch not to see a 20 per cent fall in contract spending obligations, which constitute about half of the total defence budget, was the Navy. Its $US94 billion in obligations for the most recent fiscal year represents a dip of only 2 per cent, compared to a 22% decline for the Army and a 21% drop for the Air Force.

The F-35, the often-delayed and astronomically expensive fifth-generation fighter jet, is a huge part of the reason why.

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