Canada strikes C$19 bln deal for Lockheed's F-35 fighter jets

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Canada strikes C$19 bln deal for Lockheed's F-35 fighter jets
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Canada finalized a deal to buy 88 F-35 fighter jets from U.S. defense company Lockheed Martin Corp on Monday in a C$19 billion ($14.2 billion) project to replace its aging fleet of fighter aircraft.

U.S. Air Force F-35 Lightning IIs fly side by side with Republic of Korea Air Force F-35s as part of a bilateral exercise over the Yellow Sea, Republic of Korea, July 12, 2022. U.S. Air Force/Senior Airman Trevor Gordnier/Handout via REUTERS.OTTAWA, Jan 9 - Canada finalized a deal to buy 88 F-35 fighter jets from U.S.

The F-35 fighter announcement coincides with Prime Minister Justin Trudeau's trip to Mexico on Monday for theOttawa has been trying for more than a decade to replace its fleet of Boeing Co The Trudeau government, which was initially against buying F-35s due to costs, held a competitive process to select the planes where Lockheed beat out Sweden's SAAB"This is a very necessary piece for the Canadian military to have - a fighter plane made in the 21st century," said Stephen Saideman, a professor of international relations at Ottawa's Carleton University and an defense expert.

The project includes cost of infrastructure set-up, weapons and other related expenses, in addition to the price of planes.

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