Document: F-35 Costs Decrease $4.5 Billion in 2012

May 24, 2013 12:10 PM

From the document released May, 23 2013: This information is based on the Selected Acquisition Reports (SARs) submitted to the Congress for the December 2012 reporting period.

SARs summarize the latest estimates of cost, schedule, and performance status. These reports are prepared annually in conjunction with submission of the President’s Budget.

From the F-35 Lighting II Joint Strike Fighter Entry: 

F-35 Aircraft – Subprogram costs decreased -$4,942.4 million (-1.5%) from $331,855.2 million
to $326,912.8 million, due primarily to decreases in the prime contractor and subcontractor
labor rates (-$7,853.3 million) and revised airframe and subcontractor estimates that incorporate
the latest actual costs from early Low Rate Initial Production (LRIP) lots (-$1,121.3 million).

Sam LaGrone

Sam LaGrone

Sam LaGrone is the editor of USNI News. He has covered legislation, acquisition and operations for the Sea Services since 2009 and spent time underway with the U.S. Navy, U.S. Marine Corps and the Canadian Navy.
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