Loading Posts...

Airbus, Boeing Pulling Out of Canada Fighter Jet Race, Our Views

Airbus, Boeing Pulling Out of Canada Fighter Jet Race, Our Views

From The Japan News, Reuters, Ottawa. With the world of military hardware on the front page each day across the globe, both Airbus and Boeing are now pulling out of a potential deal with Canada as they say that the race to bid the project has been tilted toward Lockheed Martin Corp., sources that are near the project are saying.

The government is preparing a release to request proposals to provide 88 new planes for the Canadian Air Force, a contract worth over $15 billon CAD dollars. Canada will now replace its aging fleet of F-18 fighters in what is said to be a large order of the F-35, a plane that has had its share of challenges in recent years but is said to be capable of carrying out first strike missions on unsuspecting targets. Justin Trudeau insists that the competition is not rigged.

Our Views: The US designed and built F-35 was late to market and arrived with a long list of defects that had to be worked out – finally it seems that some of the US allies who normally support such projects are on board. Canada, Australia and other countries rightfully complained about the first F-35s produced, but now it seems that upgrades and adjustments have been made. The US has a moral obligation to support its allies on all levels, especially Canada.



The author didnt add any Information to his profile yet

Classarius is the only data driven news for blockchain, cryptocurrencies and technology from investment professionals.

Disclaimer: We do not provide investment advice or strategies, this article is not intended as such but only to provide you the reader with information. Please conduct your own research before any investment of any kind.

Classiarius Guest Posts
Classiarius allows guests to write articles on blockchain, finance, and analysis on technology, political risks and crpytocurrencies. You may include links to your previous content in your articles. Write Guest posts
Loading Posts...