The filing added cautionary language noting uncertainty about whether the proposed F-35 purchase increase will translate into actual orders, relevant to the thesis regarding FY 2027 F-35 procurement.
The report says this changed. It does not say whether that is good or bad, so neither do we.
before · MD&A · 2026-03-29 → 2026-06-28
“It emphasizes a $760 billion weapons‑procurement and modernization effort—highlighting commitment to munitions framework deals, Golden Dome missile defense, a major shipbuilding program, and an increase in F‑35 purchases.”