OTTAWA — The parliamentary budget officer has pegged the lifetime cost of Canada's new fleet of F-35 fighter jets at $73.9 billion over 45 years. Yves Giroux says the cost of the acquisition phase is estimated to be $19.8 billion.
OTTAWA — The parliamentary budget officer has pegged the lifetime cost of Canada's new fleet of F-35 fighter jets at $73.9 billion over 45 years.In January, the federal government announced a deal with Lockheed Martin and the U.S. government to buy 88 jets at a cost of about US$85 million each.
Defence minister Anita Anand said at the time that the acquisition cost was estimated at $19 billion, and the lifetime cost of the deal would be $70 billion. The new aircraft are to replace the Royal Canadian Air Force’s aging CF-18s, with the first four planes expected to be delivered in 2026. Giroux says his analysis shows the costs are broadly in line with government estimates, but he also warns that a one-year delay in the program would cost about $400 million.
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