Danish Audit Finds Defense Ministry Understated Rising F-35 Costs
A report released Monday by the Danish National Audit Office found that the projected cost of the F-35 acquisition increased by 14 billion kroner (about $2.1 billion) compared to the ministry’s original estimate.
The auditors said the ministry kept its initial cost projection unchanged for roughly a decade, despite signals that actual expenses were likely to rise significantly over time.
Following the start of the audit inquiry in February, officials revised the total expected cost of the 27 jets upward from 57.1 billion kroner to 71.2 billion kroner—an increase that also translates to roughly 500 million kroner in additional annual costs.
The State Auditors warned that the Defence Ministry’s lack of accurate cost oversight could have wider implications, potentially affecting both operational flying capacity for the aircraft and the planning of other major defense acquisitions.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
