Friday, 23 February 2018

Boeing may bid to supply Canadian fighter jets despite trade row

OTTAWA (Reuters) - Boeing Co (BA.N) may take part in a race to supply Canada with 88 new fighter jets and stands an equal chance with other bidders even though it is locked in a trade dispute with Ottawa, a senior Canadian official said on Thursday.
Procurement Minister Carla Qualtrough made her comments shortly after the Liberal government released a list of five companies that would be allowed to compete. Boeing, along with U.S. rival Lockheed Martin Corp (LMT.N), is on the list of approved suppliers.
Canada is due to release the exact specifications for the jets next year. Officials say the deal is worth between C$15 billion ($11.80 billion) and C$19 billion.
Although Boeing angered Canada last year by launching a trade challenge against planemaker Bombardier Inc (BBDb.TO), Qualtrough said the dispute would not necessarily harm Boeing if it chose to enter its F-18 Super Hornet.
"All the five teams on the supplier list have an equal chance," she said in a phone interview when asked about Boeing's prospects given the Bombardier row. None of the contenders are obliged to take part.


Source: Yahoo News

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