Critics question Saab's offer to bring 10,000 aerospace jobs to Canada [BNN Bloomberg (Canada)]
Lockheed Martin Corporation (LMT)
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Source: BNN Bloomberg
The Swedish company has said little about how it came to that number, making it hard to evaluate the offer. Saab spokesperson Jenny Gerdes said the estimate reflects the “scale of work” the company anticipates bringing to the country, “should the Gripen be selected.” “The figure is based on projected global demand for Gripen and the corresponding production, sustainment and R&D activities Canada would undertake,” Gerdes said in an email. “The details of the industrial program and the associated modelling are part of ongoing discussions with the government of Canada, so we're not in a position to share specific breakdowns,” she added. ”However, the estimate aligns with established industry benchmarks and what we know Canadian firms can support.” Saab has production lines in Sweden and Brazil and has proposed creating a new production hub in Canada or elsewhere in Europe to cope with growing demand for its jets around the world, including in Ukraine. Ottawa is reviewing its p
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LMT
News
- Lockheed Delivers Steady Defense Profits as Boeing Burns Billions Ramping Production [Yahoo! Finance]Yahoo! Finance
- Meet The SpaceX Alumni Building Missiles 5x Faster Than The Speed Of Sound [Forbes]Forbes
- America's biggest defense contractors are fighting for their place in the future of drone warfare [Business Insider]Business Insider
- Critics question Saab's offer to bring 10,000 aerospace jobs to Canada [Yahoo! Finance Canada]Yahoo! Finance Canada
- Lockheed Martin demos AI system that replans drone missions in seconds [Seeking Alpha]Seeking Alpha
LMT
Earnings
- 10/21/25 - Beat
LMT
Sec Filings
- 10/28/25 - Form 4
- 10/27/25 - Form 4
- 10/23/25 - Form 144
- LMT's page on the SEC website