(NSI News Source Info) OTTAWA, Canada - July 17, 2010: Canada will buy 65 new fighter jets from Lockheed Martin Corp (LMT.N) for C$9 billion ($8.6 billion), one of the biggest arms deals in the nation's history, Defence Minister Peter MacKay said on Friday.The first Joint Strike Fighter should be delivered in 2016. The F-35s will replace Canada's CF-18s, which are due to reach the end of their working lives in about 2020.
MacKay brushed off criticism from opposition legislators who say the planes are too expensive and who question why Lockheed Martin received a sole-source contract.
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