Home / DoD / DoD Expects the F-35 to Cost $327B Over 30 Years, a Cost Reduction of 1.5%

DoD Expects the F-35 to Cost $327B Over 30 Years, a Cost Reduction of 1.5%

F-35The Defense Department estimates the cost of purchasing 2,457 F-35 aircraft through 2032 will reach $327 billion and the engines will cost $64 billion total, the Lexington Institute reported Friday.

Loren Thompson writes the DoD’s Selected Acquisition Report projected the 30-year purchasing cost of 2,457 F-35 aircraft to decline by $4.94 billion because of reduced labor estimates and low-production costs.

The selected acquisition report marks the first time the DoD has reduced the estimated cost of the aircraft.

Aircraft contractor Lockheed Martin expects the cost of a single-engine F-35 variant for the U.S. Air Force to equal the current price of an F-16 by the end of the decade, according to the Lexington Institute article.

Thompson writes the government estimates the maintenance cost of these planes to reach more than $1 trillion over 50 years.

On top of aircraft carriers, the F-35 program yielded a 50-year life cycle cost estimate, Thompson noted.

Check Also

Retired Army Lt. Gen. Keith Kellogg to Serve as Mike Pence’s National Security Adviser

Retired U.S. Army Lt. Gen. Keith Kellogg, formerly chief of staff and executive secretary at …

Leave a Reply

Your email address will not be published. Required fields are marked *