The following is a summary of the Shopping Trends team’s work, which is independent of CTV News journalists. The team focuses on providing information about shopping trends and may earn commissions when links are used for purchases. This commission structure allows the team to maintain its operations and independence. Readers should be aware that the recommendations provided are potentially influenced by these financial incentives. Further information on the team’s practices can be found in the “About Us” section.
Read More
Saab signs $3.6 billion Gripen fighter deal with Colombia, marking a significant win for the Swedish aerospace and defense company. It’s certainly a major contract, and it’s hard not to be impressed by that kind of financial commitment. The deal highlights the Gripen’s appeal as a modern, capable fighter jet, and it is interesting how it is gaining traction in various parts of the world.
Speaking of the Gripen, it’s worth noting some of its unique capabilities. It can operate from short, unprepared runways, even ones that might be similar to public roads. This gives it a tactical advantage in certain situations, which is a definite plus.… Continue reading
Canada is reviewing its $19-billion contract to purchase 88 F-35 fighter jets, with current funding only committed to the initial 16 aircraft. Prime Minister Carney cited the need for cost-effectiveness and increased domestic industrial benefits, considering alternatives like the Saab Gripen which offered Canadian production. This review includes exploring opportunities to increase Canadian participation in European and British defence supply chains, potentially diversifying suppliers and maximizing economic benefits. The government emphasizes that the F-35 contract remains in place for the initial planes, while ongoing evaluation seeks to ensure optimal value for Canadian taxpayers.
Read More
Following Portugal’s decision to cancel its F-35 order, Canada is re-evaluating its own $19-billion contract with Lockheed Martin, spurred by political tensions with the U.S. and public pressure. Defence Minister Bill Blair has been instructed to explore alternatives, including potentially supplementing the initial 16 ordered F-35s with aircraft from other manufacturers, such as the Saab Gripen, which offers Canadian assembly and intellectual property transfer. This consideration acknowledges the air force’s preference for the F-35 but also examines the feasibility and cost-effectiveness of a mixed fleet. Potential contract penalties for a partial or complete cancellation remain undetermined.
Read More