By Bill French August 2015 The National Security Network (NSN) is pleased to release a new policy report, Thunder without Lightning: The High Costs and Limited Benefits of the F-35. According to our analysis, the F-35 lacks the capabilities to execute its primary mission, and costs too much relative to its predecessors. The Department of […]
By Zacks Equity Research February 10, 2016 The U.S. Department of Defense has announced that it plans to purchase fewer F-35 fighter jets from Lockheed Martin Corp. (LMT – Analyst Report) over the next five years, than it had originally planned. Pentagon’s Plans for the F-35 Jets Importantly, the Pentagon was forced to cut approximately […]
By Bryant Jordan Feb 09, 2016 The Air Force on Tuesday released a 2017 budget geared to rebalance the force and counter readiness problems resulting from years of deployments, personnel shortages and sequester-forced spending caps that have cut into modernization programs across the board. At $167 billion, the service’s budget is roughly $5 billion more […]
By Aaron Mehta December 14, 2015 ThePentagonexpectstomake“disproportionate” cuts to modernization and research and development funding in its fiscal 2017 budget request, while personnel and readiness remain stable, according to the department’s top acquisition official. Those cuts may well include a slowdown in F-35 production. Overall, the cuts could slow down the much ballyhooed “Third Offset” […]
By Larry Darrell Dec 3, 2015 Lockheed Martin Corporation’s (NYSE:LMT) F-35 project has come under renewed question, as the Pentagon mulls a reduction in its budget for fiscal year 2017 (FY17). The Congress is expected to propose some budget caps that might directly impact the F-35’s budget, as the government spreads its finances toward other […]
By Jeff Schogol November 10, 2015 The F-35 is going to eat up so much of the Air Force’s procurement budget going forward that the service will likely have to reduce the number of joint strike fighters it buys to pay for other things, such as the Long Range Strike-Bomber, experts said on Tuesday. As part […]
By Christopher P. Cavas November 4, 2015 WASHINGTON — With a preliminary agreement in hand, negotiations between Lockheed Martin and the Pentagon for the Joint Strike Fighter Lot IX Joint Strike low-rate initial production contract continue, and a final agreement is expected next month, JSF Joint Program Office spokesman Joe DellaVedova said Wednesday. Under an […]
By STEVE GUEST November 5, 2015 Republican presidential candidate Donald Trump, who claims to be the “the best in terms of the military,” confused the F-35 Joint Strike Fighter program with the B-3 Long Range Strike Bomber program. Radio host Hugh Hewitt asked Trump if America needs a strategic bomber or “should we just stick with […]
By ANA RADELAT November 5, 2015 WASHINGTON — For years, the Pentagon was inflexible when talking about the number of F-35s it wants to buy — 2,443 — pushing back against any suggestions that it should trim that shopping list. But no more. The high price tag of the F-35, a Lockheed Martin aircraft whose engine […]
By Tyler Rogoway October 30, 2015 Presidential candidate Donald Trump is finally offering some specifics when it comes to defense policy, and on conservative talk radio host Hugh Hewitt’s program today he floated the possibility of cancelling the F-35 Joint Strike Fighter program if he gets elected. According to the Air Force Times, Trump said: […]