Eurofighter, the tale of a cost driver
In 2003, German Chancellor Gerhard Schröder proudly climbed into the cockpit of a Eurofighter, the most expensive army/air force project up to that point. But one combat jet crashed in a test flight; the steering mechanism had failed. In 2010, ejection seats failed, and all 55 Eurofighters were grounded. In the end, the price of the jet skyrocketed from 50 million euros to 90 million euros.