Lockheed Martin takes big step towards winning Canada jet race

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Lockheed Martin takes big step towards winning Canada jet race
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Canada has picked Lockheed Martin Corp as the preferred bidder to supply 88 new fighter jets, Procurement Minister Filomena Tassi said Monday, in a clear sign the U.S. company is set to win the multibillion-dollar contract.

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 Photoas the preferred bidder to supply 88 new fighter jets, Procurement Minister Filomena Tassi said Monday, in a clear sign the U.S. company is set to win the multibillion-dollar contract.

"This announcement marks another important milestone in Canada's competitive process to purchase modern fighter jets for the Royal Canadian Air Force," Tassi said.Canada has been trying unsuccessfully for more than a decade to replace its aging F-18 fighters. The former Conservative administration said in 2010 that it would buy 65 F-35 jets but later scrapped the decision, triggering years of delays and reviews.

The federal government of Prime Minister Justin Trudeau will now only hold detailed talks with the U.S. company. Ottawa says it hopes to award the contract this year and take first deliveries in 2025. "We look forward to continuing our partnership with Canadian industry to deliver and sustain the F-35 for the Royal Canadian Air Force," Lockheed Martin Canada Chief Executive Lorraine Ben said in a statement., the other contender.

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