Canada chooses Lockheed Martin as preferred bidder for jets: industry source

Financial Post: ' Canada will announce on Monday that Lockheed Martin Corp is the preferred bidder in a multi-billion dollar competition to supply 88 new fighter jets, said an industry source close to the file.

'The announcement means that Ottawa will only hold detailed talks with the U.S. firm, said the source, who requested anonymity given the sensitivity of the situation. If those negotiations for some reason fail, the government will turn to Sweden’s Saab, the other contender.'