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Sunday, October 15, 2006

Aus: 'Sky's the limit' on jet fighter bill

F-35 Lightning IIThe cost of the new fighter aircraft Australia wants to buy cannot be calculated, and the whole project is marked by uncertainty and financial risk, an auditor's report says.

With the Federal Government about to commit to the production phase of the Joint Strike Fighter project, a report by the Dutch audit office warns development costs could go higher and the eventual bill for the aircraft cannot be determined.

Australia plans to buy 100 of the new fighters in a deal notionally worth $A16 billion — the nation's largest defence purchase.

The Netherlands, which like Australia is a partner in the US-led JSF project, aims to buy 85 of the dual-role fighters. The Dutch report warns that the project exposes the Netherlands to financial risk.

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