• Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints

Italy to Buy 25 Additional F-35s for Over $7 Billion

Simon Osuji by Simon Osuji
September 18, 2024
in Military & Defense
0
Italy to Buy 25 Additional F-35s for Over $7 Billion
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


The Italian government has budgeted a total of 7 billion euros ($7.79 billion) for the acquisition of 25 additional F-35 fighter jets in 2024.

If approved by Parliament, the procurement will expand the Italian Air Force’s F-35 fleet to 115.

Also included is the purchase of engines, equipment and logistics support until 2035, il Giornale reported, citing a defense budget document.

Italian F-35 Fleet

A total of 90 F-35s are already on order by Rome, including 60 conventional takeoff F-35As for the Italian Air Force and 15 short takeoff vertical landing F-35Bs each for the Italian Air Force and the Italian Navy. 

The additional batch includes 15 F-35As for the Italian Air Force and five F-35Bs each for the two services.

The overall defense procurement of 9.3 billion euros ($10.3 billion) includes an investment of 506 million euros ($563 million) for the Global Combat Air Programme (GCAP), an increase over the 271 million euros ($301 million) invested in 2023, according to Defense News.

The GCAP is a next-generation fighter jet program, comprising Italy, the UK, and Japan.

Additional Spending

Additionally, 50 million euros ($55 million) has been budgeted to adapt Italy’s new Landing Helicopter Dock, the Trieste, to host F-35Bs.

It also reveals that Italy has added 690 million euros ($767 million) to the ongoing Eurofighter program fund for the purchase of 24 fourth-tranche jets to replace 26 first-tranche aircraft, which are set to retire by 2029.

Overall, the country’s 2024 defense spending will increase to 20.85 billion euros ($23 billion), up from 19.56 billion euros ($22 billion) in 2023.



Source link

Related posts

SANDF soldier nabbed over arms cache

SANDF soldier nabbed over arms cache

March 3, 2026
Intelligence firms watch for uptick in Iran cyber activity after US, Israel strikes

Intelligence firms watch for uptick in Iran cyber activity after US, Israel strikes

March 3, 2026
Previous Post

23andMe Board Resigns: ‘Differences’ With CEO Anne Wojcicki

Next Post

Maybe it was all about my soul

Next Post
Maybe it was all about my soul

Maybe it was all about my soul

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Op Prosperity Guardian will be third naval task force in African waters

Op Prosperity Guardian will be third naval task force in African waters

2 years ago
Five artists shortlisted to create London’s first ever permanent HIV/Aids memorial

Five artists shortlisted to create London’s first ever permanent HIV/Aids memorial

2 years ago
Recycled Polyester Saved This American Factory. Environmentalists Hate It

Recycled Polyester Saved This American Factory. Environmentalists Hate It

8 months ago
OKX fires back at Tron’s Justin Sun over mysterious ‘freeze notice’

OKX fires back at Tron’s Justin Sun over mysterious ‘freeze notice’

10 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • Mahama attends Liberia’s 178th independence anniversary

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form

© 2026 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Fashion Intelligence

© 2023 LBNN - All rights reserved.