Canada extends maintenance contract for F-18 jets

* Maintenance contract extended until at least 2017

* Quebec contractor a unit of L-3 Communications (LLL.N: )

OTTAWA, Sept 1 (BestGrowthStock) – Canada has extended a C$467
million ($445 million) maintenance contract for its fleet of
CF-18 fighter jets with a division of L-3 Communications
Holdings Inc (LLL.N: ), Prime Minister Stephen Harper said on
Wednesday.

The Mirabel, Quebec-based L-3 MAS will service the
country’s fighter aircraft until at least 2017, with the option
of extending the contract for three additional one-year periods
for a total value of C$86 million.

“The CF-18 will remain in service as Canada’s front-line
tactical fighter aircraft until at least the 2017 timeframe,
when Canada’s next generation fighter capability, the F-35
Lightning II Joint Strike Fighter, becomes operational,”
Harper’s office said in a statement.

The CF-18s are due to reach the end of their working lives
in about 2020. Ottawa announced last month plans to replace
them with 65 new F-35 jets from Lockheed Martin Corp (LMT.N: )
for C$9 billion.

L-3 MAS is a provider of aircraft support services to
governments and commercial clients.
($1=$1.05 Canadian)
(Reporting by Louise Egan; editing by Peter Galloway)

Canada extends maintenance contract for F-18 jets