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Stock impact report

RCAF faces capability gap amid record defence spending [Globe and Mail, The (Toronto, Canada)]

Lockheed Martin Corporation (LMT) 
Last lockheed martin corporation earnings: 4/21 07:30 am Check Earnings Report
While the massive investment needed to meet these commitments could benefit Canadian companies and be a significant boost to the country's economy, there is growing concern that the transition to a fifth-generation jet fighter force is exposed to a critical “readiness paradox,” where the operational relevance of the retiring fleet is collapsing years before its high-tech replacements can be fully supported on Canadian soil. The next decade will see the RCAF introduce three core platform replacements: the F-35A Lightning II fighter, the P-8A Poseidon multi-mission aircraft and the CC-330 Husky Strategic Tanker. While the F-35 acquisition is the cornerstone of this plan – representing the most significant investment in the Air Force in over 30 years – it is fraught with fiscal and infrastructure risks. A report by the Auditor General earlier this year confirmed the immense scale of the financial commitment, noting that the cost estimate for the 88 CF-35A fighters that Canada's has Show less Read more
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