Home / Acquisition & Procurement / Report: DoD Lowers Total Acquisition Cost Estimate for F-35 to $406.1B

Report: DoD Lowers Total Acquisition Cost Estimate for F-35 to $406.1B

The Defense Department estimates the F-35 development and procurement effort to cost the Pentagon $406.1 billion, down from the $406.5 billion projected last year, Bloomberg reported Wednesday.

The Pentagon has reduced its cost estimate for the purchase of 2,456 F-35s by 0.2 percent to $345.4 billion.

The department’s cost projections for the Lockheed Martin-built fighter jets are part of its Selected Acquisition Report that is slated for submission to Congress this week.

The document does not contain the estimated cost for the aircraft’s software upgrades discussed during a House panel hearing March 7, the report added.

Rep. Niki Tsongas (D-Massachusetts) said before a House Armed Services subpanel the F-35 modernization cost estimate through 2024 includes $10.8 billion for software development and $5.4 billion for upgrade deployment and other procurement efforts.

Check Also

VA Incorporating Customer Experience Principles Into CFR’s Core Values Section

The Department of Veterans Affairs is set to add a set of customer experience principles to the core values and characteristics section of its Code of Federal Regulations, Nextgov reported Friday. “Maintaining a sustained organizational commitment to, and institutionalized focus on, the voice of the customer is a critical component of modernizing VA to meet the needs and expectations of veterans, their families, caregivers and survivors,” according to the final rule scheduled for publication on Federal Register Monday.

Leave a Reply

Your email address will not be published.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