The federal cabinet will be asked early in the new year to give its blessing to spend $3 billion to replace Canada's geriatric fleet of search-and-rescue planes.
Defence Minister Peter MacKay said a proposal to replace the CC-115 Buffalos, which are more than 40 years old, is on his desk and ready to be presented.
"I hope to move very early in the new year toward procurement," he said in an interview yesterday.
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