Bloomberg: Flawed F-35 Fighter Too Big to Kill as Lockheed Hooks 45 States [View all]

http://www.businessweek.com/news/2013-02-21/flawed-f-35-fighter-too-big-to-kill-as-lockheed-hooks-45-states



Almost half a billion dollars 'worth' of F-35s

Flawed F-35 Fighter Too Big to Kill as Lockheed Hooks 45 States
By Kathleen Miller, Tony Capaccio and Danielle Ivory on February 22, 2013

The Pentagon envisioned the F-35 Joint Strike Fighter as an affordable, state-of-the-art stealth jet serving three military branches and U.S. allies.

Instead, the Lockheed Martin Corp. (LMT) aircraft has been plagued by a costly redesign, bulkhead cracks, too much weight, and delays to essential software that have helped put it seven years behind schedule and 70 percent over its initial cost estimate. At almost $400 billion, it's the most expensive weapons system in U.S. history.

It is also the defense project too big to kill. The F-35 funnels business to a global network of contractors that includes Northrop Grumman Corp. (NOC) and Kongsberg Gruppen ASA of Norway. It counts 1,300 suppliers in 45 states supporting 133,000 jobs -- and more in nine other countries, according to Lockheed. The F-35 is an example of how large weapons programs can plow ahead amid questions about their strategic necessity and their failure to arrive on time and on budget.

"It's got a lot of political protection," said Winslow Wheeler, a director at the Project on Government Oversight's Center for Defense Information in Washington. "In that environment, very, very few members of Congress are willing to say this is an unaffordable dog and we need to get rid of it."