The latest annual report to Congress (pdf) on the F-35 Joint Strike Fighter Program details the soaring costs and deferred production schedule associated with the program.  The report, which has not been publicly released, outlines total program costs from last year as well as per-aircraft costs and planned annual spending rates.

It’s “a useful primer on the Pentagon’s most expensive weapons program,” said one close observer of defense procurement.

A copy was obtained by Secrecy News.  See the 2010 Selected Acquisition Report (SAR) for the F-35, April 2011.