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Wednesday, June 09, 2010

Ottawa to spend $9-billion in sole-source deal for U.S. fighter jets

F-35 Lightning IIOttawa is moving on a sole-sourced purchase of high-tech U.S. fighter jets to replace its CF-18s despite furious last-minute lobbying by rival manufacturers.

Industry and government sources said the cabinet is expected in coming days to approve the launch of negotiations on price and delivery schedules with Lockheed-Martin, the U.S.-based manufacturer of the Joint Strike Fighter F-35.

The government is moving early on buying 65 new aircraft in a bid to “lock up the price” long before the jets start entering into service in 2017, sources said.

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