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Lockheed Martin's F-35 Faces Financial Audit Failures and Rising Costs Amid Global Competition

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Lockheed Martin's F-35 fighter aircraft has faced eight consecutive years of audit failures, with a recent GAO report revealing significant delivery delays and rising acquisition costs, now exceeding $485 billion. As European and Asian nations consider alternatives like the Eurofighter Typhoon and Gripen, countries such as Canada and Switzerland are reevaluating their F-35 commitments due to budget constraints and reliability concerns.

Lockheed Martin's F-35 Faces Financial Audit Failures and Rising Costs Amid Global Competition
Dec 25, 2025, 1:44 PM

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