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Saturday, September 08, 2012

U.S. stealth jets may cost 50% more

F-35 Lightning II |Each F-35 stealth jet that Japan buys from the United States in fiscal 2013 will be 50 percent more expensive than in the current year, according to Defense Ministry officials.

The ministry cited lower production efficiency for the price hike — which will see the acquisition cost soar to ¥15.4 billion from ¥10.2 billion per aircraft — and plans to buy two F-35s in the next fiscal year, the officials said Tuesday.

To this end, the ministry will seek ¥30.8 billion to cover the acquisition costs in the fiscal 2013 budget request it must submit by Friday, they added.

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