Mrt 29 2012

U.S. Sees Lifetime Cost of F-35 Fighter at $1.45 Trillion (excerpt)

Gepubliceerd door JSFNieuws.nl om 18:03 onder Global F35 News

Reuters reports that the U.S. government now projects that the total cost to develop, buy and operate the Lockheed Martin Corp F-35 Joint Strike Fighter will be $1.45 trillion over the next 50-plus years, according to a Pentagon document obtained by Reuters.

The Pentagon’s latest, staggering estimate of the lifetime cost of the F-35 — its most expensive weapons program — is up from about $1 trillion a year ago, and includes inflation.

While inflation accounts for more than one-third of the projected F-35 operating costs, military officials and industry executives were quick to point out that it is nearly impossible to predict inflation over the next half-century.

(…)

They also argue that no other weapons program’s costs have been calculated over such a long period, and that even shorter-term cost projections for other aircraft do not include the cost of modernization programs and upgrades. The new cost estimate reflects the Pentagon’s proposal to postpone orders for 179 planes for five years, a move that U.S. official say will save $15.1 billion through 2017, and should avert costly retrofits if further problems arise during testing of the new fighter, which is only about 20 percent complete. The Government Accountability Office last week projected it would cost $397 billion to develop and buy the planes, up from its earlier forecast of $382 billion.

Read more (source): Reuters; 29-mar-2012; Exclusive: U.S. sees lifetime cost of F-35 fighter at $1.45 trillion

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