Canada’s plan to replace its aging fleet of fighter jets with F-35s will cost much more than initially projected, according to the auditor general.
Auditor General Karen Hogan released several new reports on June 10, including one examining the federal government’s Future Fighter Capability Project.
The agreement to buy 88 F-35 fighter jets from the United States had been finalized in 2022, with the Department of National Defence (DND) projecting the cost at $19 billion.
The auditor general said that by 2024, the estimated cost had risen to $27.7 billion, due to issues like rising inflation, fluctuations in exchange rates, and heightened demand for munitions globally….