Lockheed’s F-35A Could Face First Price Rise in Years as Inflation Bites

Lockheed’s F-35A Could Face First Price Rise in Years as Inflation Bites
U.S. Air Force F-35A aircraft, from the 388th and 428th Fighter Wings, form up in an "elephant walk" during an exercise at Hill Air Force Base, Utah, on Jan. 6, 2020. R. Nial Bradshaw/U.S. Air Force/Handout via Reuters
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WASHINGTON—Lockheed Martin Corp said future F-35A fighter jets could be more expensive as rising inflation and customer demands halt a 64 percent drop in price since the jet was first introduced in 2007.

The first F-35A cost $221 million when it came off the production line in 2007. Since then, production quantities and know-how have increased, helping the price of the stealthy fifth-generation fighter drop to $79 million today as it gained appeal and buyers in 15 countries.