Lockheed F-35 jet could cost as little as $80 million in future: Pentagon official

(Reuters) - The cost of Lockheed Martin Corp's stealthy F-35 fighter jet could shrink to $80 million in future purchases according to the Department of Defense's head of the program.
The jet, which most recently cost about $94.5 million for the F-35 "A" model, is the most expensive Department of Defense program.
Lieutenant General Chris Bogdan, Program Executive Officer, F-35 Joint Program Office was speaking to the U.S House of Representatives at a Capitol Hill hearing on military services' 5th generation tactical aircraft challenges and F-35 joint strike fighter program.

(Reporting by Mike Stone; Editing by Chizu Nomiyama)