Lockheed F-35 Bad Deal as One Jet for All, Rand Reports

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Lockheed Martin Corp.’s F-35 jet fighter, designed by the Pentagon to serve the Air Force, Navy and Marine Corps, is likely to end up costing more than building separate planes for each service would have, according to a Rand Corp. study.

“Under none of the plausible conditions we analyzed did” the F-35 “have a lower life-cycle cost estimate,” Rand, a nonprofit research institution, said in the report released this week on the plane known as the Joint Strike Fighter.