F-35 Cost Lowered

Posted: Nov 27 2013, 2:56am CST | by , in News | Technology News


F-35 Cost Lowered
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The per-plane cost of F-35 has been lowered due to a South Korean order. This would save the US army about $2 billion as well as fuel 10,000 surplus careers.

South Korea is to purchase 40 F-35 fighter jets from the USA. This move will lead to $2 billion being saved by the army not to mention job creation that goes into the thousands. The per-place cost price of the F-35 fighter planes will be considerably slashed leading to an astronomical sum of money being saved. 

The Korean choice will lead to the delay of an order of 54 planes which will get delivered over the next half decade. This will remove any chances of budgetary cuts by the US Air Force or Navy. The action taken by South Korea still requires the approval of the country’s defense minister though. South Korea’s interest in the fleet of fighter aircraft could be a booster shot in the arm for the F-35 scheme. 

With the selling of F-35 aircraft to Japan and South Korea, the two US allies in the region, this particular brand of fighter jet has taken on a whole new significance. It has become a constant factor in the geostrategic policies of Northeast Asia. 

Other nations on the waiting list include Singapore, Malaysia and even New Zealand. The US military personnel want to keep the $392 billion F-35 program intact. However, congress may cause budgetary cuts in the future. The F-35 agenda is the largest one among the arms programs. Several countries brought their resources together to fund the development of the F-35. 

Source: Reuters

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.




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