The demand for military planes is increasing day by day. Technological advancements in this industry is enabling companies like Lockheed Martin to cater to the growing demand through their amazing planes, some of which are very expensive.

Here is a brief overview of the top 10 most expensive military planes in the world:

10) F/A-19 Hornet – $94 Million

This twin-engine fighter plane was the US’s first strike fighter, a plane capable of attacking both ground and aerial targets. McDonnell Douglas F/A-18 Hornet is used not only by the US, but also by other nations like Australia, Canada, Kuwait, Finland, Spain, Switzerland and Malaysia.

9) EA-18G Growler – $102 Million

This lightly armed version of the F/A-18 fighter is capable of not only finding and disrupting anti-aircraft radar, but also jamming enemy communications. Boeing EA-18G Growler is a carrier based electronic warfare aircraft. It has more than 90 percent in common with the standard Super Hornet.

8) V-22 Osprey – $118 Million

Bell Boeing V-22 Osprey is a tiltrotor aircraft. It takes off and lands like a helicopter, but flies faster and farther like a fixed-wing plane. It was first used in combat in Iraq in 2007.

7) F-35 Lightning II – $122 Million

This stealth, supersonic fighter jet is an all weather multi-role fighter. It is designed to perform ground attack, air defense missions and reconnaissance. Its development is principally funded by the US.

6) E-2D Advanced Hawkeye – $232 Million

The Advanced Hawkeye’s powerful radar system enhances the range of territory a plane can monitor by 300 percent. It is indeed a major step forward for surveillance and reconnaissance.

5) Lockheed Martin VH-71 Kestrel – $241 Million

This helicopter project was running more than 50 percent over budget by the time President Barack Obama took office. After his Inauguration, Obama announced plans to scrap the project. However, in July this year, the House Apportions Committee approved restoring $484 million to fund the project.

4) P-8A Poseidon – $290 Million

P-8A Poseidon is Boeing’s spruced up military version of its 737 jet. This amazing plane can carry torpedoes, depth charges, missiles and other weapons. It is ideal to conduct anti-submarine warfare and to gather military intelligence.

3) C-17 Globemaster III – $328 Million

Boeing C-17 Globemaster III is an Air Force military-transport plane. It is used to move troops into war zones, to conduct airdrop missions and to perform medical evacuations. It has been used to deliver troops and humanitarian aid to Iraq and Afghanistan.

2) F-22 Raptor – $350 Million

This plane is touted by its manufacturer Lockheed Martin as the best overall combat plane in the world. It has the ability to shoot down enemy’s cruise missiles, avoid nearly all types of radar detection and fly long distances at supersonic speeds.

1) B-2 Spirit – $2.4 Billion

With their prowess, the above-mentioned military planes send shudders down the spines of the leaders of the enemy nation.