The Motley Fool Discussion Boards
Investment Analysis Clubs / Macro Economic Trends and Risks
|Subject: Re: Canuck politics (F-35)||Date: 12/8/2012 7:51 AM|
|Author: tim443||Number: 410807 of 514337|
The rule in our country is if you deny a rumour three times the story is probably true.
One of the great things about living in a virtual dictatorship is that you know who to blame when things go wrong. Methinks the defense minister will have a new job shortly, Harper and he don't like each other anyway as the fought it out for the merged party leadership some years back (2003).
Ottawa looks to other jet manufacturers as F-35 costs skyrocket
At least four other jet manufacturers are now in the running to replace Canada's aging fleet of war aircraft, after it was revealed that the cost of buying and servicing F-35 fighter jets has ballooned to more than $40 billion.
The government is now changing its jet procurement process to include decision-making by senior officials and advice from independent experts.
The government is currently reviewing the F-35 report and plans to respond with a "comprehensive public update" next week before the House rises for Christmas break on Dec. 14.
"I don't see how the minister of defence could possibly continue in his job. He's basically been a salesman for Lockheed Martin, the manufacturer of the F-35, since he took office," Rae told reporters.
The government announced in 2010 that it was purchasing the F-35s as a replacement to the Canadian Forces' aging fleet of CF-18 fighter jets. The sole-sourced, untendered contract was part of a purchase deal entered into with other NATO members.
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|