Canada puts JSF on ice

Canada has stopped funding the purchase of 65 Joint Strike Fighters, in a serious blow to the US’s most costly military programme, led by Lockheed Martin, the world’s biggest defence contractor by revenue.

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The decision means JSF is no longer Canada’s chosen jetfighter to replace its aging Boeing F-18s. Instead the F-35 will now have to compete with others suchBoeing’s F-18 Super Hornet and perhaps even Eurofighter Typhoon, built by BAE,EADS and Finmeccanica. (Continue here)

By Carola Hoyos, The Financial Times

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