Canada’s Air Force buys six Bombardier jets for $753 million
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Canada’s federal budget pledged $82 billion over five years for Canada’s military to replace aging weaponry, give pay raises to soldiers and aid businesses in the defence and security sector. Photo by Justin Tang/The Canadian Press/Postmedia filesArticle contentThe Royal Canadian Air Force ordered six Global 6500 aircraft from Bombardier Inc. in a deal valued at about $753 million for multi-role missions.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentThe jets, which will replace the current CC-144 Challenger fleet, will “perform worldwide utility flights and support missions such as aeromedical evacuations, disaster relief, humanitarian aid and national security operations,” Canada’s department of procurement said in a release.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.We apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Play VideoArticle contentArticle contentDelivery of the first jet is expected in the summer of 2027. The order is valued at about US$400 million, based on the list price for this aircraft, Bombardier said in a separate statement, and the contract includes training, maintenance and military modifications.Article contentPosthasteBreaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentBombardier’s stock price rose as much as 4.5 per cent in Toronto after the announcement, and traded at $221.58 as of 2:14 p.m.Article contentCanada’s federal budget, released in November, pledged $82 billion over five years for Canada’s military to replace aging weaponry, give pay raises to soldiers and aid businesses in the defence and security sector. The Bombardier deal is one of the first purchases under a new defence investment agency to accelerate acquisitions, led by former Royal Bank of Canada executive Doug Guzman.Article contentEarlier in the week, that agency also announced it would lead procurement for a multibillion-dollar Arctic satellite system with Canadian space firms Telesat Corp. and MDA Space Ltd.Article contentBombardier is also in talks with Sweden’s Saab AB about building Gripen fighter jets in Canada. The companies already work together on GlobalEye early warning surveillance aircraft, which are assembled in Canada before being shipped to Sweden for installation of radar and sensors.Article contentArticle contentCanadian Prime Minister Mark Carney’s government is currently reviewing a contract with Lockheed Martin Corp. for F-35 fighter jets amid United States President Donald Trump’s tariffs and repeated calls for Canada to become the 51st state.Article contentRead More Can Bombardier make the jump from corporate welfare poster child to defence darling? Bombardier opens door to defence mergers as nations boost spending Article contentIn 2023, the Canadian government agreed with Boeing Co. to order Poseidon military surveillance aircraft, despite a competing proposal put forward by Bombardier. The company’s plan involved a militarized version of its Global 6500 business jet, developed in partnership with General Dynamics Corp.Article contentOn Thursday, CAE Inc., a Canadian manufacturer of flight simulation technology, secured a $270 million contract with Australia’s government to train its air force.Article contentBloomberg.comArticle contentTrending 'Why let one person in the States change your life?' For Canadian snowbirds, the stay or go dilemma gets complicated Real Estate CRA penalized taxpayer for repeated failure to report income Personal Finance Howard Levitt: Why remote workers keep winning in employment law disputes Work Phillips Barristers PC and Randy Ai Law Office - Ontario Superior Court Certifies Class Action Against Scotiabank Regarding Vacation and Holiday Pay GlobeNewswire Who is Mark Wiseman? 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For Canadian snowbirds, the stay or go dilemma gets complicated Real Estate CRA penalized taxpayer for repeated failure to report income Personal Finance Howard Levitt: Why remote workers keep winning in employment law disputes Work Phillips Barristers PC and Randy Ai Law Office - Ontario Superior Court Certifies Class Action Against Scotiabank Regarding Vacation and Holiday Pay GlobeNewswire Who is Mark Wiseman? The career of the man expected to be Canada’s new U.S. ambassador Finance