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Lockheed F-35 Upgrades Cost $920 Million Less, U.S. Says

Bloomberg // June 23, 2014

The projected cost to upgrade F-35 jets built by Lockheed Martin Corp. has declined by about $920 million, or 36 percent, in less than two years, according to the Pentagon’s latest analysis.

The estimate for improvements and corrections for aircraft already built or planned in the first 10 contracts to be awarded through 2016 has dropped to about $1.65 billion from a $2.57 billion estimate in September 2012, the Pentagon said in an annual assessment to Congress. The projection is $100 million less than the one made last year.

Read the full story from Bloomberg.

Photo by Lockheed Martin.