Japan's F-35 deal signed, sealed despite soaring costs


Tags: F-35

Andrew Elwell
07/02/2012

Japan has signed a 60 billion yen ($756.53 million) deal with the U.S. to buy four F-35 Joint Strike Fighters. The agreement, signed last Friday, prices each F-35A conventional take-off and landing variant (CTOL) fighter at a cost of 10.2 billion yen ($128.61 million) each, which is higher than the original cost agreed back in December 2011 of 9.9 billion yen ($124.83 million). The price hike is a result of the U.S. cutting back on its domestic procurement of the JSF over the next five yea...
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