Via Paul Graham, who isn't happy about it :
"The big news in the Peg this afternoon is the federal government’s $43.4 million loan to Bristol Aerospace of Winnipeg, part of a $120 million upgrade that will allow Bristol to help develop the F-35 Lightning II fighter jet. According to the Winnipeg Free Press, this investment could yield $3 billion in revenue over the next 25-30 years."
Bloomberg : "The U.S. and eight countries are collaborating on the development of the aircraft in the largest international weapons program ever."
The largest evah! Vroom, vroom!
Dept of National Defence in 2006 : "The Joint Strike Fighter (JSF) program is a United States-led multinational effort to build an affordable, multi-role next generation, stealth fighter aircraft.... There are defined needs for more than 3000 aircraft over the course of the program with an estimated value of over US$276 billion. An additional 3000 aircraft could be sold to other allied buyers."
"In 2001, the U.S. Department of Defense selected Lockheed Martin as the Prime Contractor for the JSF Program. Pratt and Whitney US and General Electric have been selected to design and develop engines for the JSF.
Canada's $US160 million contribution to JSF includes funding from both the Department of National Defence and Technology Partnerships Canada (TPC). TPC promotes the participation of Canadian firms, especially small and medium-sized enterprises.
As a result of Canada’s participation in the JSF program, 54 Canadian companies, universities and research institutions have won 154 contracts to date valued at approximately CDN$157 million."
So what is Canada's current rank in the echelons of world arms dealing? Still sixth, are we? Or has this latest investment rocketed us into the Top 5?
And are our pension plan contributions still being invested in these arms dealers? Yup, there they are at the Canada Pension Plan Investment Board website, who report a good return last quarter.
War is a racket.
***JSF do however permit the logo to be used as a nice screensaver, if you're interested.