The only way Canada wins by building it's own fighters is if they can secure the build on a good amount of export aircraft as well. It just doesn't work to do a short run. It has to become a sustainable industry.
Easy on BI, I happen to think we know a fair bit about aircraft. haha. Bombardier would be best equipped to give it a go in Canada, but it's not even on the radar.
Canada is going to be going after the training side of things though, if the F35 program ever launches expect to see a fighter training program similar to NFTC.
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