DND cuts fighter jet contingency budget by 43 per cent
'An analysis of the current DND estimate of acquisition contingency, based on the DND analysis of risks, should be $1.6-billion. DND's current contingency provision of $342-million is not in line with this estimate, and therefore a shortfall in the acquisition contingency persists.'
PARLIAMENT HILL—The Department of National Defence has cut a forecast contingency budget of $602-million for unexpected extra costs in the acquisition of 65 F-35 stealth fighter jets by nearly half in order to stay within a $9-billion ceiling the government set following a scathing 2011 re...
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