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The federal government is holding its industry day on Monday in Ottawa for those firms interested in the new fighter jet acquisition.

The objective of the event is to present foreign governments and industry with the information required for them to make an informed decision about participating in the procurement, according to the federal government. In addition, the event will provide an opportunity for Canadian industry to network with foreign governments and fighter aircraft manufacturers, it added.

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The Liberal government has committed to buying 88 new fighter jets to replace the CF-18 fleet.

The acquisition will include associated equipment, weapons, and sustainment set-up and services, according to the government.

According to the government, the basic parameters for a new jet include: