28 Nov '13, 9pm

More Creative F-35 Bookkeeping: Backers Play Fast and Loose with F-35 Costs #auspol #ausdef #cndpoli #cdn…

PARIS --- Twelve years into the program, the F-35 fighter’s cost overruns are so spectacular that, even before South Korea has officially confirmed that it will buy the aircraft, Lockheed Martin’s P.R. machine is already in gear, explaining just how much the Korean order will reduce costs for the Pentagon, the main F-35 buyer. And such is the urgency to provide some good news about the program, which is facing new order cuts because of sequestration, that the claims about the F-35's benefits are becoming increasingly nonsensical. A Nov. 26 Reuters news story claims, for example, that “The South Korean order could create 10,000 jobs at Lockheed and its suppliers as they build the components to make the 40 jets.” This is not even remotely plausible. If it were, and thus if each F-35 ordered did indeed create 250 jobs, the F-35 program’s planned 2,995 aircraft would generate ...

Full article: http://www.defense-aerospace.com/cgi-bin/client/modele.pl...

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