The projected cost to develop and produce Lockheed Martin Corp.’s F-35 fighter, the Pentagon’s costliest weapons system, has risen 1.9 percent in the past year to $398.6 billion, according to estimates released today.
The Pentagon will cut 17 of the 343 F-35 fighters it planned to buy from Lockheed Martin Corp. in fiscal 2016 through 2019 unless Congress repeals automatic budget cuts, according to a new Defense Department report.
U.S. Navy officers in the Pacific fleet say the service’s Littoral Combat Ship may lack the speed, range and electronic-warfare capabilities needed to operate in Asian waters, according to a congressional audit.
An electrical leak from a battery may have prevented a Raytheon Co. warhead from separating from its booster rocket in a missile-defense test that failed in July, according to findings emerging from a Pentagon review.
Delays in testing critical software for Lockheed Martin Corp.’s F-35 jet are threatening to delay the Pentagon’s most expensive weapon and boost development costs, according to congressional investigators.