Lockheed Martin F-35 Program Costs Rise 10% Due to Upgrade Needs

The cost of the F-35 fighter jet program has increased by approximately $51 billion since late 2023, driven by software updates, readiness improvements, and engine enhancements.

26 Aug, 15:53 — 26 Aug, 15:53

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bloombergHigh1d ago

Lockheed’s Pricey F-35 Sees 10% Cost Jump for Needed Upgrades

The cost of the Lockheed Martin Corp. F-35 program — already the most expensive in US history — has risen by about $51 billion, or about 10%, since late 2023 because of software, readiness, spare parts and engine power improvements.

By Tony Capaccio

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Lockheed Martin F-35 Program Costs Rise 10% Due to Upgrade Needs

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Lockheed’s Pricey F-35 Sees 10% Cost Jump for Needed Upgrades

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