Lockheed Martin: F-35B STOVL-mode Flight this week

soleil said:
The unit cost per plane has increased just a tad from $69m to $112m and still has a way to go.

The Senate Armed Services Committee held a hearing today on the future of the F-35 Joint Strike Fighter, and things are not looking pretty for the next-generation stealth aircraft. It’s likely the Air Force will have to declare the program has soared past a key cost-containment barrier, in addition to being more than two years behind schedule.

The Air Force will have to declare a Nunn-McCurdy breach, which could force a serious restructuring of the program, according to a Reuters story quoting Pentagon acquisition chief Ashton Carter.

A new Government Accountability Office report, issued today, puts it in simple numbers. “Total estimated acquisition costs have increased $46 billion (.pdf) and development extended 2 ½ years, compared to the program baseline approved in 2007,†the report states.

Read More http://www.wired.com/dangerroom/201...ne-breaks-through-cost-barrier/#ixzz0i9nQqWZi