For Immediate Release

December 10, 2014 — Ottawa, Ontario — Public Works and Government Services Canada

The National Fighter Procurement Secretariat today released the 2014 National Defence Annual Update on the life-cycle cost estimates for the F-35, the independent review of the Annual Update, and the latest report on Canadian industrial participation in the F-35 Joint Strike Fighter Program. These reports were also tabled in Parliament.

The Secretariat also fulfilled its commitments under the Seven-Point Plan and is demonstrating transparency in releasing all unclassified reports.

No decision has been made on the replacement of Canada’s fighter fleet. To ensure that Canada retains a fighter capability during a transition to a new fleet, National Defence has extended the life expectancy of the CF-18s to 2025.

Quick Facts
The 2014 National Defence Annual Update, independently reviewed by Raymond Chabot Grant, Thornton outlines an overall increase of 0.3 per cent from the 2013 Annual Update in the estimated life-cycle costs over 40 years.
Through Canada’s continued participation in the Joint Strike Fighter Program, companies in Canada have secured US $637 million in contracts to date, an increase of US $50 million since the summer 2014 report.
Canada will continue to participate in the Joint Strike Fighter Program to keep all options open until a decision is made on the replacement of the CF-18 fleet.
By posting the unclassified summary report on the Evaluation of Options, the Secretariat is respecting its agreements with other governments and the companies that participated in the process to not release classified and commercially sensitive information, while meeting its commitment to transparency.
Associated Link

For more information, please visit the National Fighter Procurement Secretariat website.

All reports are available on the National Fighter Procurement Secretariat website.

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Source:: http://news.gc.ca/web/article-en.do?nid=913309