Beset with problems, Lockheed Martin's (LMT) F-35 fighter program is years behind schedule,...

|About: Lockheed Martin (LMT)|By:, SA News Editor

Beset with problems, Lockheed Martin's (LMT) F-35 fighter program is years behind schedule, while expenses run out of control. The price to build each plane is $137M vs $69M in 2001, and the program will cost $396B if the Pentagon keeps to a plan to build 2,443 jets by the late 2030s. That's not to mention the $1.1T in operating expenses. "It is simultaneously too big to fail and too big to succeed," says analyst Todd Harrison.