Shares of Lockheed Martin fell Monday, wiping out nearly $4 billion of the company's market value, as U.S. president-elect Donald Trump tweeted that making F-35 fighter planes is too costly and that he will cut 'billions' in costs for military purchases.
Six years after ripping into the Conservative government's cost estimates for F-35 stealth fighters, Parliament's budgetary watchdog says it is digging into the Liberal plan to purchase 'interim' Super Hornet jets.
An expert on defence budgeting says the federal government's plan to hold a five-year competition to scout out a replacement for the military's aging aircraft fleet is 'ridiculous' and could be done much quicker.
The federal government unveiled its interim steps Tuesday in the long-fraught effort to replace Canada's aging fleet of fighter jets, but key questions -- how much it would cost taxpayers and the impact on the military -- remained up in the air.
The new-age fighter jet once poised to replace Canada's aging CF-18 fleet, but whose ballooning price tag and controversial selection process threw its purchase into doubt, has made its inaugural visit to Canada.