“The cost projections estimated in the SAR are based on a number of variables that are subject to considerable fluctuation over the next 55 years, making the estimate inherently imprecise,” says a Lockheed Martin spokesperson. Read the aerospace and defense giant’s statement, as well as answers to questions about the F-35 aircraft, in the Avionics Executive topic center.
F-35 program estimated to cost $1 trillion over 55 years
WASHINGTON, 2 April 2012. The Office of the Secretary of Defense issued the 2011 F-35 Selected Acquisition Report (SAR) to update Congress on the total cost estimates to develop, build, operate, upgrade, and maintain all aspects of the F-35 program and its military support infrastructure for the next 55 years. The total estimated cost, including adjustments for anticipated inflation, is $1.113 trillion.