Airbus, Boeing May Not Bid to Provide New Fighter Jets to Canada, Sources Say -Reuters

--Two companies may drop out of the race to provide new jet fighters to Canada's military, arguing the process unfairly favors Lockheed Martin Corp. (LMT), Reuters reports Monday, citing "two sources with direct knowledge of the situation."

--Airbus SE (EADSY) and Boeing Co. (BA) formally complained to the Canadian government about current requirements for the contract, the report said.

--Canada's government is expected by next week to release the requirements for the 88 jets it intends to buy, the report said.

--Airbus declined to make a comment, and Boeing didn't respond to a request to comment, the report said.

--Canada's government said the competition isn't unfair, the report said.

Full story: https://www.reuters.com/article/us-canada-fighterjets-exclusive/exclusive-airbus-boeing-indicate-they-may-pull-out-of-canada-fighter-jet-race-sources-idUSKCN1U32EX

--Write to Stephen Nakrosis at [e-mail]

(END) Dow Jones Newswires

July 08, 2019 19:08 ET (23:08 GMT)

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