Much of the $4.5 billion in F-35 procurement cost increases in the past year — part of a $7.8 billion total program increase — to the U.S. portion of the program are due to overly rosy projections on the anticipated decline in the “cost curve,” or price to build the stealthy fighter, says U.S. Air Force Lt. Gen. Christopher Bogdan, F-35 program executive officer. Performance continues to fall short of projections for two major reasons: cost from the prime contractors ...
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