Canada Invests Another US$70M in F-35 Development Despite No Commitment to Buy (excerpt)
(Source: The Canadian Press; published May 6, 2020)
OTTAWA --- The federal government has made another multimillion-dollar investment into the development of the F-35 stealth fighter jet, even as it weighs a new extension to the $19-billion competition to replace Canada’s aging CF-18s.

Canada made the annual F-35 payment to the U.S. military last week, spending US$70.1 million to remain one of nine partner countries in the fighter-jet project. Each partner is required to cover a portion of the plane’s multibillion-dollar development costs to stay at the table.

Staying in the program has advantages, as partners get a discount when purchasing the jets and compete for billions of dollars in contracts associated with building and maintaining them. The F-35 is being built by U.S. defence giant Lockheed Martin.

While the new payment brings Canada’s total investment in the F-35 to US$541.3 million since 1997, the government says Canadian companies have also secured US$1.8 billion in work related to the stealth fighter. (end of excerpt)


Click here for the full story, on The Province website.

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