Canada is buying 88 Lockheed Martin 5th Generation F-35 Lightning II fighters, the government's defense officials announced. [Courtesy: Lockheed Martin]
Key Takeaways:
Canada has finalized a $19 billion deal to purchase 88 Lockheed Martin F-35 Lightning II fighters, representing the largest investment in the Royal Canadian Air Force in 30 years.
This significant acquisition aims to bolster Canada's defense capabilities, secure its vast airspace (including the Canadian Arctic), and fulfill its commitments to NORAD and NATO.
The $19 billion purchase also includes associated equipment, sustainment services, and the construction of new fighter squadron facilities, with the first aircraft deliveries anticipated in 2026.
Canada has inked a deal worth $19 billion to purchase 88 Lockheed Martin [NYSE: LMT] 5th Generation F-35 Lightning II fighters, the government’s defense officials announced.
The purchase marks the largest investment in the Royal Canadian Air Force in 30 years, according to Canadian National Defence Minister Anita Anand.
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