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Canada tells Boeing its bid for C$19 billion fighter jet contract falls short – source By Reuters

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

OTTAWA (Reuters) -In a shock transfer, Canada has instructed Boeing (NYSE:) Co that its contender for a multi-billion greenback fighter jet contract doesn’t meet the required customary, a protection source stated on Thursday.

This means solely Lockheed Martin Corp (NYSE:) and Sweden’s Saab AB are left within the race to produce 88 jets. Ottawa says it intends to decide subsequent yr on a contract that could possibly be value as much as C$19 billion ($15 billion).

Boeing had entered its F-18 Super Hornet within the race. The Canadian Press was the primary the report the information.

Defense analysts had been sure Ottawa would exclude Saab’s Gripen aircraft. Unlike Canada, Sweden is neither a member of NATO or NORAD, the North American protection group.

Canada is a member of the consortium that developed Lockheed Martin’s F-35 jet, which protection sources say is the popular alternative of the Canadian air drive.

Lockheed Martin declined to remark, whereas nobody at Saab was out there for remark. Boeing spokesman Paul Lewis stated by electronic mail that the corporate would reserve remark pending official notification from Ottawa.

($1 = 1.2649 Canadian {dollars})

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