Airbus pulls out of competition to supply Canada with new fighter jets

Airbus SE said on Friday it was pulling out of a multi-billion dollar competition to supply Canada with 88 new fighter jets, citing onerous security requirements and a late rule change that allowed its main rival to submit a bid.

The move increases Lockheed Martin Corp's chances of winning the race. Airbus and other contenders had complained that Ottawa appeared to be tilting the race in favor of the U.S. aerospace giant.