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Why did Minister Diefenbaker cancel the Arrow project?

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Why did Minister Diefenbaker cancel the Arrow project?

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He was Prime Minister, not Minister and the cancellation was officially announced on 20 Feb 1959. The Arrow was cancelled for a few reasons, one of which was financial and another of which was the fact that it was designed as a defence against aircraft-based bombers and the Russian Sputnik has just shifted priorities to defending against space-based missiles.

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