Lockheed Martin will spend $1 billion to stockpile spare parts for the F-35, making up for a shortfall that the company believes was caused by government underfunding, CEO Jim Taiclet said on a Jan.

Of about a million lost F-35 parts worth $85 million, the Department of Defense (DOD) reviewed the circumstances surrounding just 2% of identified losses since 2018, the GAO said in a new report. The ...