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Investing.com -- Eric Martel, the CEO of Bombardier (OTC:BDRBF), expressed concerns on Monday that the company’s contracts in the U.S. might be at risk if Canada cancels a C$19 billion contract for Lockheed Martin (NYSE:LMT) F-35 fighter jets.
Martel voiced his concerns while speaking to reporters in Montreal, following a speech he gave. The Bombardier CEO did not provide further details about the potential impact on the company’s U.S. contracts, but the comments underscore the potential business implications of Canada’s decision regarding the Lockheed Martin deal.
The contract in question involves the procurement of F-35 fighter jets from Lockheed Martin, a major U.S. defense contractor. The deal, valued at C$19 billion, is currently under scrutiny in Canada, and its cancellation could potentially affect other business relationships between the U.S. and Canada, including Bombardier’s contracts in the U.S.
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