Atlantic firms get more than $290-million in defence contracts
THE CANADIAN PRESS January 22, 2008 at 10:04 AM EST
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ENFIELD, N.S. — Two aerospace giants are committing to provide more than $290-million in contracts to Atlantic Canadian firms to help build and maintain Canada's new fleet of military transport planes.
Lockheed Martin and Boeing made the announcement Tuesday at the IMP hangar near Halifax.
“These significant investments are a sign of confidence in the talent and abilities of our region's businesses, which have demonstrated that they have what it takes to become part of Boeing's and Lockheed Martin's global supply chains,” Defence Minister Peter MacKay said in a news release.
Lockheed Martin is committing to spend $242-million in the region, for work linked to the 17 C-130J Super Hercules.
Boeing is to spend $52-million on Atlantic firms for work on four C-17 Globemaster III transport planes.
Companies expected to win contracts include IMP Group, Northstar Network and Wiebel Aerospace.
Memorial University in St. John's, N.L., is also expected to receive research work.
“These investments are today's snapshot of the economic activity that has begun to flow from the strategic and tactical airlift procurement,” said Industry Minister Jim Prentice.
“They represent just the beginning of the significant industrial benefits to be realized in the coming years.”
When Canada signed the deals with the two aerospace firms, it required them to guarantee investment in high technology in the country.
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THE CANADIAN PRESS January 22, 2008 at 10:04 AM EST
Article Link
ENFIELD, N.S. — Two aerospace giants are committing to provide more than $290-million in contracts to Atlantic Canadian firms to help build and maintain Canada's new fleet of military transport planes.
Lockheed Martin and Boeing made the announcement Tuesday at the IMP hangar near Halifax.
“These significant investments are a sign of confidence in the talent and abilities of our region's businesses, which have demonstrated that they have what it takes to become part of Boeing's and Lockheed Martin's global supply chains,” Defence Minister Peter MacKay said in a news release.
Lockheed Martin is committing to spend $242-million in the region, for work linked to the 17 C-130J Super Hercules.
Boeing is to spend $52-million on Atlantic firms for work on four C-17 Globemaster III transport planes.
Companies expected to win contracts include IMP Group, Northstar Network and Wiebel Aerospace.
Memorial University in St. John's, N.L., is also expected to receive research work.
“These investments are today's snapshot of the economic activity that has begun to flow from the strategic and tactical airlift procurement,” said Industry Minister Jim Prentice.
“They represent just the beginning of the significant industrial benefits to be realized in the coming years.”
When Canada signed the deals with the two aerospace firms, it required them to guarantee investment in high technology in the country.
More on link
