The F-35 strike fighter program, also known as the Great Money Pit, has faced ongoing mismanagement and cost overruns, highlighted by a recent report from Canadian Auditor General Karen Hogan. Canada’s agreement to purchase 88 F-35 jets for $14 billion USD comes with warnings that the total costs could escalate to over $33 billion CAD due to various factors, including foreign exchange rates. The Defense Ministry's approach has been criticized for lacking proactive measures and robust contingency plans, and there is a significant shortage of pilots, further complicating the situation.
In January 2023, Canada agreed to buy eighty eight F-35 fighters for $14 billion, marking the latest chapter in a costly program plagued by delays.
Auditor General Karen Hogan's report indicates the F-35 program could exceed $33.2 billion CAD, highlighting risks and shortcomings in the Defense Ministry's planning.
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