Lockheed Martin, Boeing Set to Square Off in Canadian Fighter Competition

Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA) have both submitted proposals to supply Canada's next-generation fighter, the latest step in a lucrative competition that has been beset by delays, political uncertainty, and international trade battles.

Lockheed Martin's F-35 Joint Strike Fighter and Boeing's F/A-18 Super Hornet were entered into what is expected to be a $12 billion competition ahead of the July 31 deadline. Swedish aircraft-maker Saab was also expected to submit its Gripen-E fighter, with the Eurofighter Typhoon and Dassault Aviation Rafale also potential candidates.

Image source: Boeing.

Source Fool.com