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Canadian Government inks $3.4 Billion deal to buy Boeing jets

By Brandigal (Donna)     Feb 1, 2007 in Business
The government of Canada has finally inked a $3.4-billion deal with Boeing Co. to buy four C-17 Globemasters
The Canadian Forces will use these jets to transport tanks and other large pieces of military equipment all over the world.
It was announced earlier that the deal was under works but Sen. Michael Fortier who is the Conservative political minister for Montreal, demanded that Boeing should spend a significant portion of the contract buying goods and services from Quebec-based aerospace companies.
He wants Quebec firms to get 40% of the industrial regional benefits along with Ontario based firms that have links to Boeing to get 25%.
Most Canadian military contracts requires the person who wins the bid to supply Canada with military equipment to spend $1 buying goods and services from Canadian suppliers for every dollar it receives from the Canadian taxpayer.
This is one of the largest deals the Canadian government has signed. The first jet is set to be delivered this summer and will be based out of CFB Trenton.
It is about time the Canadian Military got new planes.
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