F-35 fighter jets to cost Canada nearly $74 billion: PBO

Owning and operating a fleet of F-35 fighter jets over the next four and a half decades is expected to cost Canadian taxpayers as much as $73.9 billion, the Parliamentary Budget Officer said Thursday in a new report.Members of the U.S. Air Force F-35A Lightning II Demonstration Team prepare to launch an F-35 pilot during the Bagotville International Air Show in Quebec in June 2019.

He said the estimate is broadly in line with the estimates produced by the Department of National Defence, which has said it anticipates the total price tag to be somewhere around $70 billion. At the announcement, the defence minister at the time, Anita Anand, pegged the cost of buying the fighters at $19 billion.

The last aircraft is expected to be retired in 2060-61, when it has reached the end of its useful life.

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