July 12, 2012
VA: F-35 jet fighter costs are soaring out of sight, reports say
The Government Accountability Office estimates the project is running 42 percent over budget. The GAO figures the F-35 program will cost $395.7 billion, “an increase of $117.2 billion from the prior 2007 baseline.”
But the Project on Government Oversight, a defense watchdog group, says GAO badly underestimated the costs by using the wrong baseline year for its calculations.
“The cost documentation of the F-35 program started in 2001, not 2007,” says Winslow Wheeler, director of the Straus Military Reform Project and Center for Defense Information at POGO.
Read the full article, "VA: F-35 jet fighter costs are soaring out of sight," By Kenric Ward, VirginiaWatchdog.org, July 12, 2012.
The goal of the Straus Military Reform Project is to secure far more effective military forces and much more ethical and professional military and civilian leadership at significantly lower budget levels.
We would like to thank Philip A. Straus Jr. and family for their generous support.
- January 12, 2016
- January 11, 2016
- January 4, 2016