The F-35 Program Just Got Even More Expensive

The world’s priciest weapons program just got even more expensive. Bloomberg News reports that the estimated total price for research and procurement at Lockheed-Martin’s F-35 jet program has increased by more than $22 billion, according to an annual assessment released by the Pentagon, with those acquisition costs rising from $406.2 billion to $428.4 billion. The overall estimate for operating and supporting the F-35 over its lifespan of more than six decades went up by almost $73 billion. The new price tag for the program: $1.196 trillion.