Joint Strike Fighter Aircraft

Ministry of Defence written question – answered at on 4 December 2017.

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Photo of Lord Moonie Lord Moonie Labour

To ask Her Majesty's Government what is the total exchange rate contingency for the new Joint Strike Fighters for which orders have already been placed.

Photo of Earl Howe Earl Howe The Minister of State, Ministry of Defence, Deputy Leader of the House of Lords

For the UK F-35 Lightning Programme our cost approvals include some provision to address foreign exchange rate risks. Depending on the stage of the programme, the senior responsible owner and the project team will manage an appropriate risk contingency of 5-10 per cent, which is dynamically managed and proportionate to the risks at that time. This will continue to be monitored and prioritised as necessary in accordance with the overall departmental position.

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