Ottawa has made a multimillion-dollar payment as part of a renegotiated deal that is expected to see Canada foot more of the bill for developing the F-35 than in previous years.
The US$99-million payment and renegotiated deal come despite the fact the Liberal government has said Canada may not actually buy the stealth fighter, and as officials in the United States raise new concerns about the F-35's cost and development.
Canada is one of eight countries involved in developing the F-35, and its latest contribution means it has so far thrown US$712 million into the pot since 1997 to remain at the table with the U.S., Britain, Australia, Italy, Norway, Denmark and the Netherlands. News of the payment and renegotiated agreement comes as the U.S. Government Accountability Office, the equivalent of Canada's auditor general, released a new report last week flagging problems with the F-35's development.
Yet while the simulator and Block 4 are not expected to be delivered for several years, the GAO report notes the U.S. is continuing to buy F-35s at a record clip, resulting in increased risks and potential costs over the long term. Despite what Defence Minister Anita Anand described as a “rigorous” competition to get the best jet at the lowest cost with the most economic benefits, officials have said the scope of the talks with Lockheed Martin and the U.S. government will be broad.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada makes US$99M payment as part of deal to foot more of bill for developing F-35Ottawa has made a multi-million dollar payment as part of a renegotiated deal that is expected to see Canada foot more of the bill for developing the F-35 than in previous years.
Read more »
Video: Canada looking to update Canada Health Act on abortion rights: TrudeauPrime Minister Justin Trudeau says the ministers of health and the status of women will be looking at the Canada Health Act to ensure the rights of women to a safe and legal abortion in Canada are permanently protected.
Read more »
Ottawa pays US$99-million as part of deal to foot more of bill for developing F-35The US$99-million payment and renegotiated deal come despite the fact the Liberal government has said Canada may not actually buy the stealth fighter
Read more »
Statistics Canada to release April jobs report this morningStatistics Canada will release its latest reading on the job market this morning with its labour force survey for April.
Read more »
Bank of Canada reaching out to Indigenous groups on economic reconciliationA senior Bank of Canada official says the central bank will reach out to Indigenous groups over the next two years to help it define what economic reconciliation means and what its role should be.
Read more »
Airport delays in Canada could ease by summer, industry official says - National | Globalnews.ca'We're likely going to see longer lines than pre-COVID, but it should be better,' said Monette Pasher, interim president of the Canadian Airports Council (CAC).
Read more »