Overview
- Auditor General Karen Hogan reported acquisition costs rose from $19 billion to $27.7 billion due to inflation, currency shifts and increased munitions demand.
- An additional $5.5 billion in expenses for base upgrades at Cold Lake and Bagotville and advanced weapons is not included in the current price tag.
- Construction of two new squadron facilities is three years behind schedule with redesigns needed to meet US security requirements.
- Canada remains short of qualified pilots for the F-35 fleet despite warnings since 2018 and has yet to finalize a detailed interim operations plan.
- Prime Minister Mark Carney has ordered a full review of the F-35 purchase in response to cost overruns and US reliability concerns, with results expected this summer.