Lockheed Martin (NYSE:LMT) and Boeing (NYSE:BA) have both submitted proposals to supply Canada's next-generation fighter, the latest step in a lucrative competition that has been beset by delays, political uncertainty, and international trade battles. Lockheed Martin's F-35 Joint Strike Fighter and Boeing's F/A-18 Super Hornet were entered into what is expected to be a $12 billion competition ahead of the July 31 deadline.
Swedish aircraft-maker Saab was also expected to submit its Gripen-E fighter, with the Eurofighter Typhoon and Dassault Aviation Rafale also potential candidates.
The fight to modernize Canada's air arsenal has been simmering for more than a decade. Canada is a founding member of the international coalition assembled to design the F-35, and was assumed to be an eventual customer...MORE
