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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) 

TheUSDefenseDepartmentonMondayextendedbytwoyearsaprojectthathascutthecostofLockheedMartinCorp'sF-35fighterplanebymorethan$1millionperjet,andkickedoffasimilarprojecttocutoperatingandmaintenancecosts. ThePentagon'sF-35programofficeisworkingcloselywithindustrytodrivedownthecostofthejets-nowrunningjustover$100millionperjet-toaround$85millionby2019. TheF-35programisthePentagon'scostliestarmsprogram.TheUSmilitaryplanstospend$379billiontobuyatotalof2,457F-35warplanesoverthe ...

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