What You Need to Know: The Avro Canada CF-105 Arrow was a groundbreaking Cold War fighter jet developed to protect Canada from Soviet bombers. With a fly-by-wire system and powerful Iroquois engines, it boasted Mach-2 speeds and advanced technology ahead of its time. However, despite its innovations, the program became too costly, exceeding $1.58 billion (in today’s dollars).
-On "Black Friday" in 1959, Canadian Prime Minister John Diefenbaker abruptly canceled the project, leaving 14,500 unemployed.