Estimated cost of fixes to F-35 fleet declines again

The projected cost to upgrade F-35 jets built by Lockheed Martin in Fort Worth has declined by about $920 million, or 36 percent, in less than two years, according to the Pentagon’s latest analysis. The estimate for improvements and corrections for planes already built or planned in the first 10 contracts to be awarded through 2016 has dropped to about $1.65 billion from $2.57 billion projected in September 2012, the Pentagon said in an annual assessment to Congress.

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