Just a quick F-35 update. The Senate Appropriations Committee yesterday voted to flatline F-35 Joint Strike Fighter production levels at 35 jets per year for the next two years. The original plan called for Lockheed Martin to ramp up to 42 jets per year by 2013. The Bethesda, Md., based-defense giant is in the midst of a $5 billion contract to build 32 jets this year.
Earlier this week the Senate appropriations defense subcommittee proposed the production limits along with a $695 million cut to the program's budget in its markup of the fiscal year 2012 defense appropriations bill which spends a grand total of $513 billion on defense.
Subcommittee chairman Sen. Daniel Inouye (D-Hi -- btw, read his bio, especially the World War II part, it's insane.) said on Tuesday that the production slowdown is meant to give Lockheed a chance to weed out any potential problems before they make their way into too many production jets -- a situation he fears will lead to costly retrofts down the road.
"For each aircraft we build this early in the test program, we will have to pay many millions in the future to fix the problems that are identified in testing," said Inouye, who also chairs the entire appropriations committee.
Moving over to ground vehicles, the appropriations committee also nixed the Army and Marine Corps $54 billion Joint Light Tactical Vehicle effort citing cost growth and constantly changing requirements.
The bill was sent to the full Senate yesterday, we'll see what happens next.