F-35 News. This is why the proposed production increase is nuts....

via Military.com

The Pentagon's base budget is currently $496 billion, plus another $64 billion for overseas missions. Obama's increases would allow for new next-generation F-35 fighters, ships and submarines and long-range Air Force tankers. Military leaders have also said the earlier cuts forced reductions in flying hours, training and equipment maintenance.
On the domestic side, Obama has proposed offering two free years of community college and creating new or expanded tax credits for child care and spouses who both work. He's called for raising the top capital gains rate on some wealthy couples and consolidating education tax breaks, although some of those ideas have already faced intense opposition.
"Until he gets serious about solving our long-term spending problem, it's hard to take him seriously," said Cory Fritz, a spokesman for House Speaker John Boehner.
Still, the president's budget proposal is just that - a proposal- and will not become law.

And there you have it.

Defense Hawks are going to get stymied by Domestic Welfare Zealots and they're both gonna get steam rolled by the Deficit Warriors.

So all those news reports of Lockheed Martin stock rising on increased orders for the F-35 are simply people being taken to the bank and swindled.  To properly understand defense procurement you must watch the defense corporations and the Pentagon but also politics.

Sorry F-35 fanboys.  The Program Office and the Pentagon are trying mightily to save the F-35 from the death spiral by upping production.

It ain't gonna happen.

The window of opportunity closed and IF it had remained on schedule then the full buy would have occurred.  It didn't and now it won't.