The F-35 program may need as much as $500 million extra to complete the current phase of development, Bloomberg News reports.
The F-35 program office requested additional money on top of the $55 billion already spent on the jet during a closed-door meeting of the Defense Acquisition Board, unnamed officials told Bloomberg.
Frank Kendall, undersecretary for defense acquisition at the Department of Defense, said he “disappointed to hear that additional funds would be needed,” and told Bloomberg that “we are working to minimize the size of the shortfall and to deliver options to address it.”
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