Lockheed Martin F-35A Fighter Jet Contract Dispute

Switzerland has decided to cut its order of 36 Lockheed Martin F-35A fighter jets due to a $610 million price increase enforced by the US government. The Swiss Federal Department of Defence, Civil Protection and Sport cited unforeseen costs as the reason for the reduction, signaling a maximum quantity of aircraft to be acquired within the approved budget. The contract dispute between the two sides has been ongoing, with the US government citing inflation, raw material price increases, and supply chain disruptions as the cause of the price hike. The decision was first reported by Breaking Defense.