The Motley Fool Discussion Boards
Investment Analysis Clubs / Macro Economic Trends and Risks
|Subject: Canuck politics (F-35)||Date: 12/7/2012 3:08 PM|
|Author: tim443||Number: 410752 of 440007|
The rule in our country is if you deny a rumour three times the story is probably true.
There was a vast selection of stories to choose from but the 'bent' seems to be that the Super Hornet was turned down with barely a cursory glance and may have been the best choice.
Peter MacKay defends F-35 program, gov't denies deal is dead
By Daniel Proussalidis, Parliamentary Bureau
Friday, December 7, 2012 2:37:56 EST PM
OTTAWA — Defence Minister Peter MacKay is under fire following reports that new cost estimates for the F-35 stealth fighter to be tabled next week will show 65 planes possibly costing more than $40 billion over their full 42-year life cycle.
MacKay under fire over ballooning costs of F-35 program
The Canadian Press
Published Friday, Dec. 07 2012, 12:35 PM EST
The opposition parties are demanding that Defence Minister Peter MacKay resign over the skyrocketing cost of the F-35 fighter jet program.
A government-commissioned report written by the accounting firm KPMG is expected to show the price tag for owning and operating 65 stealth fighters could stretch to $40-billion.
Last spring, the auditor general of Canada pegged the F-35 program cost at $25-billion and blasted the Harper government for low-balling the purchase.
Tories seek alternatives to F-35 jet as cost soars to more than $40-billion
OTTAWA — The Globe and Mail
Published Thursday, Dec. 06 2012, 7:35 PM EST
The Harper government is going shopping for alternatives to the controversial F-35 Lightning fighter jet in the most significant demonstration yet that it is prepared to walk away from its first choice for a new warplane.
The Conservatives, who have been heavily criticized for selecting the F-35 without due regard for price and availability, are launching this effort to repair their credibility as stewards of public money by releasing new estimates that indicate the full lifetime costs of the F-35s have surpassed all previous forecasts and now exceed $40-billion.
The Conservatives announced in July, 2010, they had decided to buy the F-35 without any competition, and for more than a year and a half, described the jet purchase as a $9-billion acquisition. But in April, 2012, Auditor-General John Ferguson revealed it would cost $25-billion for the first 20 years alone.
|Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|