F-35 program catches break as acquisition costs drop by $4.5 billion

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Lockheed Martin and the Pentagon have finally caught a bit of a break for their F-35 program, with the selected acquisition report delivered to Congress yesterday showing a $4.5 billion reduction in acquisition, operating and support costs.

A spokeswoman for the aerospace company says Lockheed is pleased to see the cost reductions in its flagship $395.7 billion next-generation fighter program. The new SAR projects the cost at about $391.2 billion. “This is the first year a cost reduction was noted,” Lockheed spokeswoman Laura Siebert said in a statement.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.