Flawed F-35 Fighter Too Big to Kill as Lockheed Hooks 45 States – Bloomberg
Flawed F-35 Fighter Too Big to Kill as Lockheed Hooks 45 States
By Kathleen Miller, Tony Capaccio & Danielle Ivory – Feb 22, 2013 12:08 PM PT
The Pentagon envisioned the F-35 Joint Strike Fighter as an affordable, state-of-the-art stealth jet serving three military branches and U.S. allies.
Instead, the Lockheed Martin Corp. (LMT) aircraft has been plagued by a costly redesign, bulkhead cracks, too much weight, and delays to essential software that have helped put it seven years behind schedule and 70 percent over its initial cost estimate. At almost $400 billion, it’s the most expensive weapons system in U.S. history.
In this image released by the U.S. Navy courtesy of Lockheed Martin, the U.S. Navy variant of the F-35 Joint Strike Fighter, the F-35C, conducts a test flight over the Chesapeake Bay. Source: U.S. Navy/Lockheed Martin via Getty Images
Dec. 10 (Bloomberg) — Bloomberg’s Erik Schatzker reports that the Pentagon is close to greenlighting a deal that calls for 29 new F-35 fighter jets in fiscal 2013. (Source: Bloomberg)
Feb. 22 (Bloomberg) — Megan Hughes reports on a Bloomberg Poll about the looming sequester spending cuts and the economics of the F35 Fighter Jet. She speaks on Bloomberg Television’s “In The Loop.” (Source: Bloomberg)
Attachment: Graphic: No Program Left Behind
A visitor to the Singapore Airshow speaks on a mobile phone near Lockheed Martin Corp.’s F-35 Joint Strike Fighter in Singapore. Photographer: Scott Eells/Bloomberg
(L-R) Commandant of the Marine Corps General James F. Amos, U.S. Senator John McCain, a Republican from Arizona, and Marine Fighter Attack Squadron 121 Commanding Officer Lt. Col. Jeffrey Scott stand near an F-35B at Marine Corp Air Station in Yuma, Arizona. Source: Lockheed Martin via Bloomberg
GRAPHIC: No Program Left Behind