07.12.2012 - 14:06 [ Ottawa Citizen ]

Federal government cancels F-35 fighter purchase

Faced with the imminent release of an audit by accountants KPMG that will push the total projected life-cycle costs of the aircraft above $30 billion, the operations committee of the federal Cabinet decided to scrap the controversial sole-source program and go back to the drawing board, a source familiar with the decision said.