Israel’s Ministry of Defense has approved a purchase of 20 F-35 fighters, though the report of a price of “only” $96 million a copy, is clearly a blivit,^* as evidenced by this report of that 20 JSFs will cost about $2.75 billion, which gives a price of $137.5 million each, which is closer, but probably still less than, the cost of the aircraft.

In any case, while the MoD has approved, there is significant resistance from the full cabinet, with Finance Minister Yuval Steinitz expressing significant concerns about Defense Minister Ehud Barak’s decision.

It’s clear that both Lockheed Martin and the DoD were desperate to get this sale, which explains why Israel Aerospace Industries got a contract to build 800 wingsets for the stealthy fighter, which comes close to Israel being paid to take the plane.

They want a stamp of approval from a country that is not already a partner in the F-35 consortium, and Israel gives them more market credibility than almost any other non NATO nation.

^*10 pounds of sh%$ in a 5 pound bag.