Image: The F-35 Lightning II, also known as the Joint Strike Fighter (JSF), planes arrive at Edwards Air Force Base in California in this May 2010 file photo (Reuters/Tom Reynolds/Lockheed Martin Corp/Handout)The UK is set to fork out £15 billion, or $24 billion, for the American Joint Strike Fighter program, whose total costs are set to exceed £900 billion ($1.4 billion) over the next 50 years, making it the most expensive military project in history.
The JSF stealth fighter jets, also known as F-35, are being developed and assembled by Lockheed Martin in the US. The JSF program is partly funded by Britain and seven other “partner nations”.
Each F-35 Lightning II stealth fighter jet will cost the UK around £85 million ($136 million), plus an extra £16 million ($25.6 million) for each engine.
All in all, America’s closest ally intends to buy 150 fighter jets for about £101 million ($161.6 million) each plane, although that is a substantial discount on the cost price. Read More
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