An early rendering depicts Lockheed Martin's F-35 fighter, which Canada plans to buy. (Lockheed Martin)ANALYSIS: F-35 Jet A Bargain At $65M? -- CBC
It's not every day that a defence contractor tells you you're planning to pay way too much for their latest high-tech gizmo.
But don't say it can't happen. When buyers are drowning in debt and sticker shock sets in, it's only natural for sellers to announce that they've got a great deal, just for you.
Still, who knew we could snag 65 state-of-the-art F-35 fighter jets for just $65 million a pop?
If that sounds like a lot, you obviously don't spend much time shopping for fighter jets. That price is a cool $10 million less for each fighter than Canada's Defence Department has already budgeted. Let's see: we ordered 65 planes … multiply that by a saving of $10 million each and … hey! We could save a ton of money here!
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My Comment: This blog has high-lighted on numerous occasions the problems with the F-35 program .... which I am not going to elaborate again in this post. But with the US Congress now planning to cut future purchases of the F-35 .... projected cost savings from large scale production numbers are not going to happen. Everyone is going to be hit with these extra costs .... Canada included.