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MEXICO CITY (Reuters) - Cornershop, a Latin American grocery delivery app being acquired by Walmart, plans to expand into Canada early next year as a test market for the United States, an executive for the three-year-old mobile app said. Walmart is buying Cornershop, which offers deliveries in Mexico and Chile, for $225 million. The deal, one of Walmart’s various global investments and tie-ups geared at helping the retailer compete with Amazon.com Inc, is slated to close by year’s end.

In the United States, Walmart is the largest seller of groceries but grapples with the challenge of swiftly delivering fresh food to the homes of online customers, The company has promised to make such deliveries in 100 U.S, cities by the end of 2018 and so far covers nearly 50 markets, In a race to meet its goal, the company f1 cufflinks is working with several small delivery companies including Doordash and Postmates after ditching partnerships with ride-share companies Uber and Lyft, Cornershop Chief Technology Officer Daniel Undurraga said in an interview on Tuesday that Cornershop plans to launch in Toronto in the first quarter next year, If it does well, Vancouver and Montreal would follow..

If Canada is successful overall, Undurraga said, the United States could be the next target. “Canada is a good test market for launching a service in the U.S. It is very similar, but smaller,” he said. Walmart did not immediately respond to a request for comment. Judith McKenna, chief executive of Walmart International, said in September that Cornershop was expected to provide a learning experience for Walmart’s markets beyond Mexico and Chile. An English-language version of the app will roll out within a month as part of preparation for the Canada launch, Undurraga said.

Cornershop still needs to partner with a local payments company and recruit workers in Canada, About 11,000 people currently work for Cornershop across 11 cities in Mexico f1 cufflinks and Chile, Apart from Walmart the platform also offers deliveries from various retailers, including Costco Wholesale Corp and Mexican chains Chedraui and La Comer, Undurraga said Cornershop is building firewalls so that Walmart cannot access customer data from other stores, The company will also consider raising delivery fees to account for higher labor costs in Canada and the United States, Cornershop generates other revenue through advertising, commissions from retailers and price mark-ups..

WASHINGTON (Reuters) - Lockheed Martin Corp (LMT.N) has won a preliminary contract valued at up to $22.7 billion to build a batch of 255 F-35 jets for the U.S. military and its allies, the U.S. Defense Department said on Wednesday. The department said the deal would allow Lockheed to receive $6 billion in funding immediately, a move aimed at preventing major delays in production of the new stealthy fighter jets. This contract is the first to lock in multiyear commitments from U.S. allies as Lockheed anticipates that buying components in larger quantities will help move the price of the most common F-35 jet to below $80 million by 2020. The most common variation of the jet, the F-35 A, had a price of $89.2 million after the most recent round of contract negotiations announced in September.

Lockheed is developing and building f1 cufflinks three models of the new warplanes for the U.S, military and 10 other countries that have signed up to buy the jets: Britain, Australia, Italy, Turkey, Norway, the Netherlands, Israel, Japan, South Korea and Belgium, The Pentagon’s chief arms buyer, Ellen Lord, told Reuters on Tuesday that she expected to finalize the interim terms of the deal, known as an “undefinitized contract action” or UCA, with Lockheed, its No, 1 supplier, by the spring of next year..

A Lockheed representative said: “This is a smart approach for the taxpayer, the warfighter and for industry.”. According to the Pentagon, Wednesday’s agreement means that U.S. allies buy 149 jets over the three-year period. In the United States’ one-year deal, it will buy the remaining 106 jets for delivery beginning in 2020. The U.S. government will continue to buy jets in annual contracts, but is also purchasing components for future-year jets and will also benefit from the economies of scale allowed under the multiyear contract.

The three-year deal, known as the “block buy” among the United States and allies, has been said to be worth more than $37 billion and encompass a record 440 jets, Wednesday’s contract agrees to a high-water mark of $22.7 billion for all of the 255 jets, but that dollar figure is expected to come down during the negotiations while the jet count is considered a minimum commitment, The interim payment authorized on f1 cufflinks Wednesday will be deducted from the total contract when the two sides reach a final agreement..

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