Trudeau Still Has More Of "Your Money" For Most Expensive Military Aircraft - Does Canada Need This, Really?
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May 6, 2020 - by LEE BERTHIAUME The Canadian Press for theglobeandmail.com
Canada makes another multimillion-dollar investment into F-35 development despite no commitment to buy
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...
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