Is the F-35 worth $1.1 billion each?

A billion dollar fighter? A recent article in the Hill Times (pay wall, sorry) states that total operating costs for the F-35 could reach $71 billion under a "worst case scenario". Basically, the previous figure of $46 billion for 65 jets over 42 years could very well creep up depending on currency fluctuation, delays in production, or other unforeseen events. This figures out to $1.09 billion per aircraft, over its lifetime in the RCAF. Yikes. Mind you, a lot of these factors would likely increase the price of ANY aircraft, but so much about the F-35's eventual cost is up in the air. This uncertainty was the primary reason for its disqualification from South Korea's fighter selection , as well as giving other countries second thoughts. Testing is still problematic, and U.S. Government funding isn't exactly a sure thing right now . Even the $9 billion slotted to buy the initial 65 aircraft is looking overly optimistic , with the estimated cost q...