Canada chooses Lockheed Martin as preferred bidder for jets

March 28, 2022 admin Stock News 0


© Reuters. A sign at the new Lockheed Martin Manufacturing Centre of Excellence is seen at the company’s headquarters in Ampthill near Bedford, Britain June 9, 2016. REUTERS/Peter Nicholls/File Photo

OTTAWA (Reuters) – Canada will announce on Monday that Lockheed Martin Corp (NYSE:) is the preferred bidder in a multi-billion dollar competition to supply 88 new fighter jets, said an industry source close to the file.

The announcement means that Ottawa will only hold detailed talks with the U.S. firm, said the source, who requested anonymity given the sensitivity of the situation. If those negotiations for some reason fail, the government will turn to Sweden’s Saab, the other contender.

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