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F-35 Program Costs Jump to $406 Billion in New Pentagon Estimate

Posted on July 11th, 2017 at 0:34 by John Sinteur in category: News -- Write a comment

[Quote:]

The cost of the F-35 jet program, already the most expensive U.S. weapons program ever, is estimated to climb further, according to figures to be submitted to Congress as soon as Monday.

Total acquisition costs for Lockheed Martin Corp.’s next-generation fighter are expected to rise about 7 percent to at least $406.5 billion, according to figures in a draft document known as a Selected Acquisition Report. That would be a reversal after several years of estimates that have declined to $379 billion currently from a previous high of $398.5 billion in early 2014.

The new cost increases may come as a hit to President Donald Trump, who has bragged about his ability to get weapons manufacturers to offer the Pentagon “better deals.”

Oh, who am I kidding.

Dear US Citizen, if your representative continues to argue your nation is too broke to increase spending on social programs to improve education and healthcare…Oh, who am I kidding indeed…

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