By Canadian Press

Companies highlight jobs, economic spinoffs as fighter-jet competition closes

Jul 30, 2020 | 11:51 AM

OTTAWA — Fighter-jet makers are leading with promises of jobs and other economic spinoffs as they make their final pitches for why Canada should buy their planes to replace the military’s aging CF-18 fleet.

U.S. defence giant Lockheed Martin is the latest to emphasize potential economic benefits ahead of Friday’s deadline for companies to submit their bids in the fighter-jet competition, which will see Canada spend up to $19 billion on 88 new planes.

A new report commissioned by Lockheed Martin says up to 4,200 jobs will be created or sustained each year if Canada buys its F-35 stealth fighter, which the company equates to more than 150,000 new jobs over the life of the plane.

Rival Boeing issued its own report last month showing its existing operations in Canada created $5.3 billion in economic spinoffs last year and supported 20,000 jobs — numbers it says will go up if its Super Hornet wins the contest.

The focus on jobs and money, rather than combat capability, comes as Canada’s economy has been battered by the COVID-19 pandemic, forcing the federal government to spend tens of billions in financial support for Canadians.

no snow

Chances of a white Christmas for Nanaimo 'quite remote'

7h ago

vehicle damage

Over 40 vehicles damaged during late-night Nanaimo vandalism spree

14h ago

rising costs

RDN taxpayers want relief as board grapples with budget

18h ago

Friday’s deadline for Lockheed Martin, Boeing and Swedish firm Saab to make their bids marks a major milestone in Canada’s decade-long effort to buy new fighter jets, which has been plagued by government mismanagement and political controversy.

This report by The Canadian Press was first published July 30, 2020.

The Canadian Press