Exclusive: Retrofits to add $1.7 billion to cost of F-35 - GAO report

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Exclusive: Retrofits to add $1.7 billion to cost of F-35 - GAO report
By Andrea Shalal-Esa
Published March 09, 2013
Reuters

WASHINGTON – Retrofits of F-35 fighter planes to fix problems found in flight testing will likely top $1.7 billion, a U.S. government watchdog said in the draft of a new report about the Pentagon's Joint Strike Fighter program.

Extensive restructuring efforts and progress on technical issues have put the Lockheed Martin Corp F-35 program on a more solid footing, but the plane's long-term affordability remains a big concern, the Government Accountability Office said in the draft, a copy of which was obtained by Reuters.

It said the F-35 program, which has been subject to massive delays and cost overruns and now has a price tag close to $400 billion, met most of its management objectives in 2012. But it still faced big costs because of earlier decisions to start building planes before development and testing were further along. A final report is due out next week.

The F-35 is an advanced "fifth generation" fighter meant to serve the U.S. Air Force, Navy and Marines for decades to come. But the program's soaring costs and technical complications have now put it in a critical position, where any new setbacks or cuts in orders from the U.S. military and its allies would drive the cost-per-plane up still further.