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The Canadian government has officially chosen Lockheed Martin’s [LMT] team design to build 15 new Canadian Surface Combatants, less than four months after designating the team the preferred bidder. The team’s bid is based on the BAE Systems Type 26 Global Combat Ship (GCS). The U.K. Royal Navy previously chose the Type 26 to build eight new ships, which began construction in July 2017. The team previously argued that since the Type 26 is already developed and being built, there…
