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Canada finalizes deal for Lockheed's F-35 fighter jets
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Canada finalized a deal to buy 88 F-35 fighter jets from U.S. defense company Lockheed Martin Corp on Monday in a C$19 billion ($14.2 billion) project to replace its aging fleet of fighter aircraft.
Canada expects the first F-35s to be delivered in 2026 and for the fleet to be fully operational between 2032 and 2034, Defense Minister Anita Anand told a news conference.
The F-35 "is the most advanced fighter on the market and it is the right aircraft for our country," Anand told reporters, adding the purchase and maintenance could contribute over C$425 million annually to the Canadian economy and close to 3,300 jobs annually. Anand said it was the largest investment in the Royal Canadian Air Force in 30 years.