Italy seeks parliament's approval for €7.28 billion more in F-35 spending

Italy's government is seeking parliamentary approval to increase planned investment in F-35 fighter jets by €7.28 billion ($8.17 billion), lifting the program's overall cost by more than 50%, according to a parliamentary document. The program was approved in 2009 with a planned budget of €13.5 billion; the additional funding would bring total spending to €20.8 billion. The new investment is due to begin next year and run through 2039.

The government said the cost revision reflected technological upgrades, stricter security requirements, inflation and changes in the euro-dollar exchange rate. The increase comes as European countries boost defense spending in response to Russia's invasion of Ukraine and broader security concerns. Italy has pledged to gradually raise military expenditure and accelerate investment in advanced military capabilities as allies push for stronger European defense.

According to the Italian-language report, the measure, named SMD 5/2026, was transmitted to parliament on October 30 and assigned to the defense committees on November 3. It also provides for strengthening the technology and industrial hub at Cameri, in the province of Novara. The planned fleet comprises 115 aircraft, down from 131 initially envisaged: 75 F-35A for the air force and 40 F-35B short take-off and vertical landing variants split between the air force and navy. The increase over the previous forecast amounts to €7.2796 billion, which the defense ministry attributes to new technologies, security system upgrades and higher maintenance and logistics costs.

Angelo Bonelli, a deputy of Alleanza Verdi e Sinistra, criticized the new allocation, accusing the government of prioritizing military investment over public services. According to the deputy, the €7.3 billion could be directed to health care, schools, public housing and research. Bonelli also criticized Italy's NATO commitment to increase defense and security spending. Parliament must express its opinion on the measure by December 13.