2006:
The total price tag for the tri-service Joint Strike Fighter program shot up by nearly $19 billion during a four-month period in 2005, according to a Pentagon selected acquisition report (SAR) released April 7 after it was sent to Congress.
Prior to that significant increase, overall JSF cost growth set against the program’s 2002 baseline estimates came in at $75 billion over a three-year span. “Base year” cost estimates for the JSF totaled just over $202 billion in 2002, states the April 7 report.
With that trend of cost spikes, the F-35’s $276 billion price tag has made it one of the most expensive defense acquisition efforts in Pentagon history, according to defense officials and analysts.
The increase also placed the JSF program among the 15 platforms listed in the April SAR that DOD says breached the Nunn-McCurdy statute during the September through December 2005 time frame. The Nunn-McCurdy Act places caps on single-unit cost growth for all major DOD acquisition programs, notes the April 7 report.
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2007:
Overall, program costs rose 8.5% from $276.46 billion to $299.82 billion. The biggest culprit was the Pentagon's decision to decrese the annual buys and stretch the production schedule end from FY 2027 - FY 2034 (+$11.2 billion); accompanying that is a support increase due to aircraft configuration update, revised procurement profile, and methodology changes (+$6.42 billion). Commodity price increases for key structural materials like titanium was also an issue (+$5.47 billion).
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