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Canada officially excludes Boeing from C$19 billion fighter jet contract -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker

OTTAWA, Reuters – Canada expelled Boeing (NYSE:) Co (multi-billion) from a contract for 88 fighter jets. The federal government stated Wednesday that the Canadian government did not provide a specific explanation.

It is a decision that can only be made Lockheed Martin Corp (NYSE 🙂 and Sweden’s SaabAB AB remain in the running. Ottawa states it will make a decision on next year’s contract, which could have a value of up to C$19billion ($14.8billion).

Reuters, citing a Defense Source, reported that Boeing was banned on November 25.

($1 = 1.2825 Canadian dollars)

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