Lockheed F-35 jet wins Finnish fighter competition

December 10, 2021 admin Stock News 0

© Reuters. FILE PHOTO: A Lockheed Martin F-35 aircraft is seen at the ILA Air Show in Berlin, Germany, April 25, 2018. REUTERS/Axel Schmidt/File Photo/File Photo/File Photo

By Mike Stone and Essi Lehto

WASHINGTON/HELSINKI (Reuters) – Finland has chosen U.S. defence giant Lockheed Martin (NYSE:)’s F-35 fighters in a tender to replace ageing F/A-18 combat jets, a source familiar with the matter told Reuters on Friday.

Lockheed Martin competed for the deal with Sweden’s Saab, U.S. rival Boeing (NYSE:), France’s Dassault and Britain’s BAE Systems (OTC:).

The Finnish government said earlier it would announce its choice at a news conference later on Friday.

The government has approved a budget of 10 billion euros for the acquisition out of which 9.4 billion euros would be used to buy the warplanes themselves.

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