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F-35 costs soar, but military still backs fighter jet

from The Wall Street Journal

The total cost for the jet is now 64 percent above initial estimates, topping $382 billion. Rising expenses and program delays triggered a recertification process earlier this year under a federal law designed to clamp down on procurement costs, but routinely circumvented. The Defense Department plans to buy 2,457 F-35 jets through 2035 at a fly-away cost of $92.4 million each before adjusting for inflation, or about 85 percent above the original $50 million pre-plane price tag, according to reports. After adjusting for inflation, the planes are expected to cost $133 million each. more

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