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Pentagon unveils new cost-cutting initiatives for F-35 fighter jet

The cost of the jets, now running just over $100 million per jet to around $85 million by 2019

Reuters  |  Farnborough (England) 

The US Defense Department on Monday extended by two years a project that has cut the cost of Lockheed Martin Corp's F-35 fighter plane by more than $1 million per jet, and kicked off a similar project to cut operating and maintenance costs. The Pentagon's F-35 program office is working closely with industry to drive down the cost of the jets - now running just over $100 million per jet - to around $85 million by 2019. The F-35 program is the Pentagon's costliest arms program. The US military plans to spend $379 billion to buy a total of 2,457 F-35 warplanes over the ...

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First Published: Mon, July 11 2016. 16:30 IST
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