F35 Deal-Unlikely to save $
By Mandy Smithberger
January 30, 2017
Following President Donald Trump’s announcement today that Lockheed Martin has cut $600 million from the F-35 program, Dan Grazier, the Jack Shanahan Fellow at POGO’s Straus Military Reform Project, said:
“Although this appears to be a victory for those concerned about out-of-control costs of the F-35 program, these savings don’t really exist. The American people will end up paying even more for the unproven jets in the future.
The so-called savings announced today are little more than the bulk-rate discount for the next yearly purchase of 90 aircraft. If this ‘concession’ is predicated on committing taxpayers to a multiyear buy, it will only further compound the waste of public funds on this program.[FULL ARTICLE]