[The Motley Fool] Once upon a time, there was an F-22 Raptor. It was a good plane -- some even called it "the most capable air superiority combat jet in the world" -- but it cost a lot.
At a sticker price of $412 million per plane , the U.S. Air Force couldn't afford to buy a lot of F-22s. So, to ensure it had a good quantity of fighter jets, as well as a few of good quality, the Air Force proposed a "high-low" solution. On the high end, it would buy a handful of ultra-expensive F-22s to ensure air dominance. On the low end, to boost its numbers and ensure its ability to carry a lot of bombs into combat, it would buy a whole mess of F-35 Lightning II fighter jets -- projected to cost just $35 million each. (Lockheed Martin, which builds both planes, was happy to oblige on both ends).
That was the plan. Instead, the F-35 fighter jet is turning out to be the most expensive fighter jet ever built, and is expected to ultimately cost taxpayers as much as $1.5 trillion. |