Businessweek: F-35 Comes Out Ahead in Spending Bill

The F-35 Lightning II Joint Strike Fighter program will continue to receive full funding under provisions in the U.S. omnibus spending bill, according to Bloomberg Businessweek’s report. While the defense appropriations under the spending bill will include approximately $25 billion in cuts to military spending, the Pentagon will receive all of the F-35 planes it has requested in 2014.

From the article:

The $1.01 trillion legislation crafted by House and Senate lawmakers would allot $487 billion for the Pentagon’s base spending and $85 billion for war operations, primarily in Afghanistan, for the current fiscal year ending Sept. 30. The Pentagon would receive about $5.7 billion more than it requested for warfare expenses.

Lockheed’s F-35: The bill provides funding for all 29 F-35s requested by the Pentagon. It also permits the Pentagon to start advance hardware purchases for 39 of the next 42 fighters that the Pentagon plans to buy in fiscal 2015. Senate appropriators had voted in August to fund parts purchases for no more than 36 planes.

Read the full article here, and visit F35.com for more information on the Joint Strike Fighter program.