--Airbus SE (AIR.FR, EADSY) on Friday said it would no longer be part of a competition to supply Canada with new fighter jets, Reuters reports.

--The move by Airbus boosts the chances of Lockheed Martin Corp. (LMT) to obtain the contract for 88 new planes, the report said.

--Airbus had complained the process seemed to favor the F-35, which is produced by Lockheed Martin, the report said.

 

Full story: https://www.reuters.com/article/us-canada-fighterjets/airbus-pulls-out-of-canada-fighter-jet-race-boosts-lockheed-martins-chances-idUSKCN1VK1ZX

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

August 30, 2019 14:51 ET (18:51 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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