Denmark’s F-35 Bill Overruns Plan by $2.2 Billion, Auditors Find

Denmark’s F-35 fighter jet purchase is now expected to cost about 14 billion kroner ($2.2 billion) more than planned, according to national auditors. The auditors also criticized the government for giving parliament inadequate information, raising fiscal and governance concerns. The issue is material for Denmark’s defense budget, but the market impact is likely limited.

Analysis

Denmark’s F-35 fighter jet purchase is now expected to cost about 14 billion kroner ($2.2 billion) more than planned, according to national auditors. The auditors also criticized the government for giving parliament inadequate information, raising fiscal and governance concerns. The issue is material for Denmark’s defense budget, but the market impact is likely limited.