Canadian F-35 fighter jet purchases to cost $71bn

Canada F-35 purchase to cost $71 bn

Fri, 30 Aug 2013 17:20:06 GMT

A new report shows the Canadian Conservative government’s plans for purchasing F-35 fighter jets could cost under worst-case scenario CAD 71 billion, which would be 25 billion more than expected.

The Defense Department report obtained by weekly newspaper The Hill Times and published on Thursday outlines the “cost risk and uncertainty” of a possible acquisition of 65 Lockheed Martin F-35 Lightning II Joint Strike Fighters.

The estimated cost includes the purchase, maintenance and operations over a period of 36 years.

The risk analysis, which was defense department’s latest report to Parliament, covered factors such as inflation, the exchange rate between the Canadian and US dollar, the cost of fuel and the rate of aircraft to be produced by Lockheed Martin.

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