Italy sees planned F-35 fighter jet spending rise by €7.3 billion
LMT•Italy is seeking approval to add €7.28 billion to planned F-35 investment, raising the programme’s total cost from €13.5 billion to €20.8 billion. The additional spending is due to begin next year and run through 2039.
1. Higher programme cost
Italy’s government is seeking parliamentary approval for an additional €7.28 billion in F-35 investment, lifting the programme’s overall cost by more than 50%, to €20.8 billion from the €13.5 billion budget approved in 2009.
2. Reasons for increase
The government said the revised cost reflects technological upgrades, stricter security requirements, inflation and changes in the euro-dollar exchange rate. The new investment is due to begin next year and continue through 2039.
3. Defence spending context
The increase comes as European countries boost defence spending in response to Russia’s invasion of Ukraine and broader security concerns. Italy has pledged to gradually raise military expenditure and accelerate investment in advanced military capabilities.
