F-35 Fighter Jet: Canada Will Have 65, PleaseBy: Galen Velonis - June 7, 2014
Lockheed Martin will score big if Canada decides to buy 65 of their F-35 Joint Strike Fighter jets. Rueters reported that an internal 18 month review recommends the purchase. The only reason this deal is less than official is due to the fact that Prime Minister Stephen Harper’s cabinet hasn’t signed off on it yet.
The purchase will cost the Canadian government 9 billion of their dollars, which translates to 8.22 billion in United States currency. The large price tag, plus the high cost of upkeep and maintenance, stopped a similar deal from happening in 2010.
Will the deal go through? Probably. After all, what government wouldn’t be seduced by the F-35’s look and performance?
Images and videos of the jet exist across the internet, emphasizing its impressive design and its impressive cost.
If you’re eager to hear Canada seal the deal, you’re probably going to have to wait until Tuesday. CBC News reported that sources regarding the decision are contradicting themselves all over the place. One said the deal is done. Another said the government may seek a more competitive bid. And yet another said the report was impartial and did not in fact recommend the F-35s at all.[timeout]
— Reuters Top News (@Reuters) June 5, 2014
The constant speculation has been great for Lockheed Martin’s stock. TheStreet ratings team recommended the company as “a BUY”. “This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate,” the recommendation stated. Although the expected order was not taken into consideration, it may be added to the list of reasons soon enough.
That is, if indeed Canada orders the jets from Lockheed Martin as expected.[timeout]
— Lockheed Martin (@LockheedMartin) June 3, 2014
Image via Wikimedia Commons.