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Canada Says It Won’t Buy F-35 Planes Before New Oversight Rules

April 3 (Bloomberg) -- Canada said it won’t buy Lockheed Martin Corp.’s F-35 fighter jets until the government establishes new measures to oversee the purchase.

Canada will establish an “F-35 secretariat” within the public works department to oversee the acquisition of the jets, the government said in a statement e-mailed to reporters today. The defence department will be required to provide annual updates to the country’s legislature, according to the statement.

Link to Company News:{LMT US <Equity> CN <GO>}

To contact the reporter on this story: Andrew Mayeda in Ottawa at amayeda@bloomberg.net

To contact the editor responsible for this story: Paul Badertscher at pbadertscher@bloomberg.net

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