HomeAerospace & DefenceItaly sees planned F-35 fighter jet spending rise by €7.3 billion

Italy sees planned F-35 fighter jet spending rise by €7.3 billion

-

Related: Global Conflicts Update: 4 Wars to Watch – our full explainer, updated monthly

ROME, Nov ‌10 (Reuters) - Italy's government is seeking ​parliamentary approval to increase planned investment in ⁠F-35 fighter jets by €7.28 billion ($8.17 billion), lifting the programme's overall cost by ​more than 50%, according to a ‌parliamentary document.

• The programme was approved in 2009 with a planned budget of €13.5 ⁠billion. The additional funding would ⁠bring total spending to €20.8 billion.

• The new investment is due to begin next year and run through ‌2039.

• The government said the cost revision ⁠reflected technological upgrades, ‌stricter security requirements, inflation ​and changes in the euro-dollar exchange rate.

• 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 ‌as allies push for stronger European defence.

($1 = ⁠0.8908 euros)

(Reporting by ​Angelo Amante and Giulia SegretiEditing ​by Keith Weir)

tagreuters.com2026binary_LYNXNPEMA91G6-VIEWIMAGE

Author

Stay Connected

2,500FansLike
395FollowersFollow
122FollowersFollow
1,230FollowersFollow
170,000SubscribersSubscribe

Related articles

Latest posts

Share on Social Media