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Stock impact report

L3Harris to establish F-35 sustainment depot in Quebec as Ottawa reviews fighter jets order [Globe and Mail, The (Toronto, Canada)]

Lockheed Martin Corporation (LMT) 
Last lockheed martin corporation earnings: 4/21 07:30 am Check Earnings Report
L3Harris MAS, a U.S. subsidiary based in Mirabel, Que., was first identified by Ottawa as a strategic partner to support the long-term maintenance and operation of its new F-35 fleet in November, 2024. At the time, the federal government still intended to procure the full fleet of 88 F-35s. In a press release Tuesday morning, Chauncey McIntosh, vice-president and general manager of the F-35 program at Lockheed Martin, said the company's collaboration with L3Harris MAS “delivers on Canada's requirement to develop in-country sustainment capability and to operate and maintain the Canadian F-35 fleet independently.” The announcement from the two companies builds upon the federal government's selection of L3Harris MAS as a strategic sustainment partner two years ago and marks the creation of a joint executive steering committee to determine depot capabilities, work force training programs and sustainment plans. Roughly 30 Canadian suppliers already feed into the F-35 program, contri Show less Read more
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