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Lockheed’s Pricey F-35 Sees 10% Cost Jump for Needed Upgrades
Source: Bloomberg
Company FundamentalsGeopolitics & WarInfrastructure & DefenseTechnology & InnovationRegulation & Legislation
Lockheed Martin’s F-35 program cost has increased by about $51B (≈10%) since late 2023, driven by software updates, readiness, spare parts, and engine power improvements. The escalation adds cost overhang to one of the most expensive US defense programs in history and may weigh on investor confidence regarding program economics.
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