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U.S. to Pay $3.8 Billion for Next Lot of F-35 Jets

New York Times Original article ›

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The F-35 Joint Strike Fighter, at $396 billion the costliest weapons system ever in post 2012 U.S. spending cuts

11/28/2012

Lockheed has delivered 41 planes for initial testing. The program is over 12 years old and full manufacturing won't take place till 2019. Estimates of operating the F-35 run upto $1.1 trillion. The aircraft can fly faster than the speed of sound. The program is under review in 2012-2013 talks for deficit reduction with tradeoffs between weapons systems, a stronger economy and alternatives that can provide more defense for the buck. Cost overruns are a problem. A test aircraft made a safe landing on a ship in the Atlantic ocean.

Grouped Articles

U.S. Military Eyes Cut to Pay, Benefits

Wall Street Journal 11/18/2013

In Federal Budget Cutting, F-35 Fighter Jet Is at Risk

New York Times 11/28/2012

U.S. to Pay $3.8 Billion for Next Lot of F-35 Jets

New York Times 11/30/2012

Mandatory Cuts Could Open Path to Deeper Defense Trims

New York Times 03/10/2013

Lockheed Martin performance

01/27/2012

Grouped Articles

Defense Industry Shrugs Off Early Cuts

Wall Street Journal 05/12/2013

Lockheed Locks In on South Korean Order

Wall Street Journal 11/23/2013

Squeezed by U.S., Lockheed CEO Aims Abroad

Wall Street Journal 12/07/2013

Lockheed CEO Sees No Slack in Mideast

Wall Street Journal 01/26/2014

Lockheed Tests the Waters in Energy

Wall Street Journal 11/14/2014

Lockheed Awaits Washington Action

Wall Street Journal 01/27/2012


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