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Friday, April 06, 2012

Canada not alone in rethinking F-35 purchase

[F-35B Lightning II]Canadian hedging on its original pledge to buy 65 of the stealthy F-35 multi-role warplanes was only the latest in a series of second-guessing, cancellations and delayed deliveries as other countries take a hard look at multi-billion contracts.

Stunningly expensive and half-a-decade behind schedule already, the $1.45-trillion program to build more than 3,000 of the sophisticated fight-bombers for the U.S. military and up to a dozen allied air forces is flying into serious turbulence both at home and abroad.

Cancellations will drive the cost of all F-35s higher as the entire program is predicated on volume production.

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