Definition of excise duty: A percentage levied on manufacture, sale, or use of locally produced goods (such as alcoholic drinks or tobacco products). Dictionary Term of Day Articles Subjects Sign Up BusinessDictionary
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The Joint Strike Fighter is the Pentagonâs most expensive weapons acquisition program, estimated to cost a total of $398.6 billion for a total of 2,457 aircraft. That breaks down to a per-plane cost of $162 million, including research and development.The Pentagon in its budget for fiscal 2015, which begins Oct. 1, requested $8.3 billion for 34 of the aircraft, including 26 F-35As, 6 F-35Bs and 2 F-35Cs.Thatâs $416 million in total, or $208 million per jet, before the cost of airframes, electronics and engines. âIn contrast, the nonrecurring and support costs are $78 million for each Marine Corps B variant, and just $37 million for each Air Force A variant,â he said.