|By Marketwired .||
|August 9, 2013 03:04 PM EDT||
GATINEAU, QUEBEC -- (Marketwired) -- 08/09/13 -- As part of the Government of Canada's Seven-Point Plan, the National Fighter Procurement Secretariat today released the Next Generation Fighter Capability 2013 Annual Update.
This second Annual Update presents updated life-cycle cost estimates for the F-35 and compares current estimates with those reported in the 2012 Annual Update. In 2012, the estimated cost was $44,820 million. The current cost estimate is $44,676 million, an overall decrease of 0.3 per cent. The new estimated cost reflects a decrease in sustainment and operating costs, while noting an increase in disposal and development costs.
As part of the transparent process that is integral to the Secretariat's mandate, Raymond Chabot Grant Thornton provided an independent review of the application of National Defence's life-cycle cost estimates to KPMG's Framework. The Annual Update has been approved by the Deputy Minister Governance Committee, which includes independent members external to government: Mr. Denis Desautels, former Auditor General; and Dr. Ken Norrie, a respected academic. As per the Seven-Point Plan, the 2013 Annual Update will be tabled in Parliament at the earliest opportunity.
The Secretariat continues to work diligently on the evaluation of options to replace the CF-18 fleet. Industry has provided the information requested to support a rigorous examination of available fighter aircraft options against the missions outlined in the Canada First Defence Strategy. The Independent Review Panel continues to provide oversight and guidance on the work supporting the evaluation of options to ensure it is both rigorous and impartial, and that the results to be made public are comprehensive and understandable.
Until the Seven-Point Plan is complete, the Government will not make a decision on the replacement for the CF-18 fighter jets and all options remain on the table.
For additional information, visit the National Fighter Procurement Secretariat website at http://www.tpsgc-pwgsc.gc.ca/app-acq/stamgp-lamsmp/snac-nfps-eng.html.
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