US 5th-Gen F-35 Jet’s Price Reportedly Dips 6 Percent After Trump’s Criticism

US 5th-Gen F-35 Jet's Price Reportedly Dips 6 Percent After Trump's Criticism

The program of America’s warplane of the future, the F-35, the most expensive in its class around, has been dogged by delays and huge cost overruns, inviting harsh criticism from far and wide.

The US government has reached a preliminary deal to buy $13 billion worth of the stealthy F-35 fifth-generation fighters from Lockheed Martin as share of a years-long blueprint to grow the fleet to more than 3,000 jets and bring the price per jet closer to $80 million in by 2020 through increased efficiency and larger quantities, Reuters reported, citing sources close to the deal.

The US Air Force will purchase 141 F-35 at $89 million apiece, which is six percent down from what it paid in 2017.

While the F-35 program has been criticized by President Donald Trump and other administration officials for delays and cost overruns, the price per jet has been steadily going down in recent years as production has picked up.

Last summer, Australia, Denmark, Israel, Italy, Japan, the Netherlands, Norway, Turkey, South Korea, Britain and the United States reportedly planned to shell out $88 million for each of the 135 or more F-35s in fiscal year 2018, for delivery in 2020.

Simultaneously, the US government was negotiating the purchase of 440 F-35 fighters to the tune of more than $37 billion as share of a multi-year program.

However, talks for latest batch of jets drew out because modern Pentagon leaders took a closer behold at the program to beget a better picture of the program itself and its costs.

Bringing down the cost of America’s defense program, the world’s most expensive one, is crucial to securing more orders, both in the United States and abroad.

A Lockheed Martin representative said on Sunday that a deal for the production of the 11th batch of F-35s had finally been clinched,  but added that the total value and cost per variant would be published as soon as the contract was finalized, Reuters wrote.

The Lockheed Martin’s F-35 Lightning II is a family of single-seat, single-engine and, all-weather stealth multirole fighter jets. The fifth-generation combat aircraft is designed to perform ground attack and air superiority missions.

It has three main models: the F-35A conventional assume-off and landing variant, the F-35B short assume-off and vertical landing variant and the F-35C carrier-based catapult assisted assume-off but arrested recovery variant.

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