On June 14, 2012 the U.S. Government Accountability Office (GAO) issued its latest progress report for Congress on the most expensive weapons program in history: the F-35 Joint Strike Fighter. Unfortunately, in spite of years of delays, including further restructuring in 2011 and 2012 the result's to date continue to be nothing short of abysmal.
For instance, the GAO has found that:
Regardless of the program development cost overruns (see below) F-35 life-cycle operating and support costs are now estimated at a whopping $1.1 trillion. This means that when comparing the Air Force's primary
A few weeks ago I posted on how the F-35 Joint Strike Fighter (JSF) is fast becoming the biggest boondogle in this nation's history. The primary reason for this being that (and I quote):
"The JSF program features $164 billion (give or take a few hundred million) in cost overruns over its original estimates, will deliver over 400 fewer aircraft than initially proposed, doing so years - if not decades - later than originally budgeted for, and in spite of all this the head of the program still doesn't have a clue when the aircraft will reach initial operational capability.
