Canada's F-35 Fighter Jets Could Cost $29.3 Billion, Budget Officer Says - Bloomberg
It's bad enough that we didn't get competitive bids but there seems to be no limit on the cost either.
Canada's F-35 Fighter Jets Could Cost $29.3 Billion, Budget Officer Says
By Greg Quinn and Theophilos Argitis - Mar 10, 2011 11:45 AM PT
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The budget office’s figures show the government is misleading Canadians on the costs of the fighter purchase, undermining the credibility of their budget, lawmakers from the main opposition Liberal Party (external - login to view) said.
The report comes a day after the Speaker of the House of Commons found the government violated lawmakers’ privileges by not disclosing information about the cost of some of its proposed legislation. The leader of the main opposition Liberal Party, Michael Ignatieff (external - login to view), said yesterday he is keeping “all options open” including a non-confidence motion that could trigger an early election.
It “hasn’t been a good week” for the government, Liberal lawmaker Dominic Leblanc told reporters today, adding opposition lawmakers will have a “number of occasions” later this month to bring down the government in parliamentary votes.
Budget Officer Report
Canada may spend $29.3 billion if it proceeds to buy 65 of Lockheed Martin Corp. (LMT) (external - login to view)’s F-35 Joint Strike Fighters aircraft, Parliament’s budget officer said in a report (external - login to view) today. The figure includes the cost to purchase and maintain the aircraft for 30 years. The defense department has estimated a cost of $17.6 billion, the report said.
Canada should ask for competitive bids right now. The price of these damned aircraft
has just about doubled. The reason for competitive bids couldn't be more obvious.