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Saturday, May 29, 2010

$9B pricetag likely for Canada's next-generation fighter aircraft

CF-18 HornetReplacing Canada's CF-18s with a new generation of fighter aircraft will cost taxpayers around $9 billion, one of the most expensive military equipment purchases ever, the Ottawa Citizen has learned.

The Conservative government confirmed in 2008 its plans to purchase 65 fighter aircraft and is expected to approve the project some time this year, air force officials say.

The Defence Department would not provide a cost estimate, claiming that to make the figure public would undercut the procurement process for what is being called the next generation fighter.

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