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Canada gets three bids in fighter jet race, final deal expected in 2022

Canada on Friday said it had received three bids in a multibillion-dollar contest to supply the country with 88 new fighter jets, with a final contract to be awarded in 2022 and first delivery as early as 2025.

OTTAWA, July 31 (Reuters) - Canada on Friday said it had received three bids in a multibillion-dollar contest to supply the country with 88 new fighter jets, with a final contract to be awarded in 2022 and first delivery as early as 2025.

The proposals were from a Saab AB SAABb.ST-led consortium, Lockheed Martin Corp LMT.N with Pratt & Whitney, and a Boeing Co BA.N-led consortium, Public Services and Procurement Canada said in statement.

The contract is worth between C$15 billion ($11.2 billion)and C$19 billion ($14.2 billion). The process had been delayed by the COVID-19 pandemic.

($1 = 1.3409 Canadian dollars)

(Reporting by Julie Gordon in Ottawa Editing by Chris Reese)

((julie.gordon@thomsonreuters.com; 613-235-6745; Reuters Messaging: julie.gordon.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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