US cuts may raise cost of new fighter planes

The Australian - 1/7/2012

Australia plans to buy as many as 100 of the revolutionary F-35 Lightning II aircraft, and over the past decade estimates of its likely cost have grown from about $50 million each to close to $120m. The US has assured Australia's ambassador to Washington, Kim Beazley, its latest defence cuts will not affect its promised continued focus on the Asia-Pacific and increased presence in Australia.

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