Winslow Wheeler spotlights it:
The F-35 will actually cost multiples of the $395.7 billion cited above. That is the current estimate only to acquire it, not the full life-cycle cost to operate it. The current appraisal for operations and support is $1.1 trillion — making for a grand total of $1.5 trillion, or more than the annual GDP of Spain. And that estimate is wildly optimistic: … It is a gigantic performance disappointment, and in some respects a step backward. The problems, integral to the design, cannot be fixed without starting from a clean sheet of paper.
The Dish 