June 10, 2019 | Local, Aerospace
Héroux-Devtek Inc., the world's third-largest landing gear manufacturer, announced that it has concluded the acquisition of all the outstanding shares of Montreal-based Alta Precision Inc., a manufacturer of high-precision landing gear components. The transaction, which is subject to final purchase price adjustments, is valued at $23 million and was funded through the corporation's credit facilities.
Héroux-Devtek, with its head office in Longueuil, Que., has 1,960 employees around the world, of which approximately 800 are located in Québec following the acquisition of Alta Precision Inc. Since its inception in 1942, Héroux-Devtek has grown from a small repair and overhaul facility to a world-class supplier of landing gear and actuation systems, delivering on major platforms such as the Boeing 777 and 777X. This acquisition, along with those of CESA, Beaver and Tekalia announced over the last year, strengthen its leadership position around the world.
“The acquisition of Alta Precision Inc. expands our portfolio of commercial products by providing both access to new programs and additional content on existing platforms. It also comes with the backlog and manufacturing capacity necessary to grow the existing business”, said Martin Brassard, president & CEO of Héroux-Devtek.
“We would like to welcome the Alta Precision Inc. employees and its president Guillermo Alonso who will join the growing Héroux-Devtek team. Together, we are confident in our ability to add value to Alta Precision Inc.'s operations and meet growing demand for our world-class landing gear offering”, added Brassard.
“We are delighted to join Héroux-Devtek, a leading landing gear manufacturer for the global aerospace industry. With its growing customer base in North America and Europe, we will play a strong role in accelerating the growth of the corporation,” said Alonso, president of Alta Precision Inc.
Founded in 1980, Alta Precision Inc. is a privately owned company which operates a state-of-the-art 72,000 square foot facility located in Montreal, Que. The company has approximately $18 million in annual revenues and employs 110 highly skilled personnel. Alta Precision Inc. manufactures complex landing gear components and assemblies for large customers such as Embraer, Safran, Liebherr and the United States Air Force. Alta Precision's strong backlog is comprised mainly of commercial aircraft landing gear components for the new E-2 and Airbus A-220 programs and for the Boeing 787 and Airbus A-350, two recent and growing commercial platforms.
September 18, 2023 | Local, Security
Today, the Honourable Bill Blair, Minister of National Defence, met with the United Kingdom’s Secretary of State for Defence, Grant Shapps in London.
March 7, 2018 | Local, Naval
OTTAWA, Ontario, March 7, 2018 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) Canada has signed a formal contract with the New Zealand government for ship installation and trials to complete the upgrade and modernization of the ANZAC class frigates. The first of two frigates, Her Majesty's New Zealand Ship (HMNZS) TE KAHA arrived in Victoria yesterday. Lockheed Martin Canada is responsible for designing and supplying the upgraded combat system for each ANZAC Class Frigate, including a new combat management system – based on Lockheed Martin Canada's Combat Management System 330 – along with the supply and integration of various sensors, a missile system and a Combat Systems Trainer. Lockheed Martin Canada has entered into a subcontractual agreement with Seaspan Victoria Shipyards Co. Ltd in Victoria, BC, to install the new systems on the ship platforms. "We are very happy to continue our relationship with the Royal New Zealand Navy," said Acting Vice President and General Manager of Lockheed Martin Canada RMS, Gary Fudge. "The New Zealand ANZAC Frigate Systems Upgrade marked our official entrance onto the international market as a combat systems integrator in 2014. Our continued partnership with the Navy is something we are very proud of," added Fudge. "Our partnership with Canadian shipyards on the Halifax Class Modernization program and the confidence that Canada placed in those shipyards on the National Shipbuilding Strategy program led directly to our ability to contract the ANZAC refit work to Seaspan," stated Fudge. Today, Lockheed Martin Canada is the Combat Systems Integrator (CSI) for four major active programs across three countries, including New Zealand's frigate upgrade project, the Chilean Navy's Type 23 modernization, Canada's Arctic Offshore Patrol Ship, and the lead program which saw the initial development of the CMS 330, the Halifax Class Modernization program. "The modernization and upgrades of ANZAC class frigates are critically important to the Royal New Zealand Navy," said Vice President of International Naval Systems Programs Kevin Arthurs. "These upgrades will provide the ships with a greater degree of survivability through a faster decision-making process and a more appropriate response to a variety of threats," added Arthurs. Her Majesty's New Zealand Ship (HMNZS) TE KAHA arrived in Canada yesterday and HMNZS TE MANA is scheduled to arrive in 2019. Under Lockheed Martin Canada supervision and direction, Seaspan Shipyards will refit and install the new systems with an expected completion date of 2020 for the entire contract. The second frigate, HMNZS TE MANA, is scheduled to arrive in 2019. For additional information, visit our website: www.lockheedmartin.ca. About Lockheed Martin Lockheed Martin Canada, headquartered in Ottawa, is the Canadian-based arm of Lockheed Martin Corporation, a global security and aerospace company employing 100,000 people worldwide. Lockheed Martin Canada has been Canada's trusted defence partner for nearly 80 years specializing in the development, integration and sustainment of advanced technology systems, products and services. The company employs approximately 980 employees at major facilities in Ottawa, Montreal, Halifax, Calgary, and Victoria, working on a wide range of major programs spanning the aerospace, defence and commercial sectors. SOURCE Lockheed Martin https://news.lockheedmartin.com/2018-03-07-Lockheed-Martin-Canada-Welcomes-ANZAC-Frigate-HMNZS-TE-KAHA-to-Canada-to-Begin-Modernization-Contract-Work
November 9, 2020 | Local, Naval
NEWS PROVIDED BY Public Services and Procurement Canada Nov 06, 2020, 11:46 ET GATINEAU, QC, Nov. 6, 2020 /CNW/ - The Government of Canada is committed to providing the members of the Royal Canadian Navy (RCN) with safe and effective vessels required to protect Canadian sovereignty, while creating jobs and generating significant economic benefits for communities across Canada. Following an open and competitive process, the Honourable Anita Anand, Minister of Public Services and Procurement, and the Honourable Harjit S. Sajjan, Minister of National Defence, announced that the Government of Canada has awarded a contract to General Dynamics Mission Systems–Canada, from Ottawa, Ontario, for in-service support on 6 Halifax-class combat systems (HCCS). The HCCS are an integral component of the entire fleet of Halifax-class ships and will require in-service support until the arrival of the Canadian Surface Combatants. This initial contract is valued at approximately $182 million (including taxes) over 6 years, and will maintain up to 106 jobs. The Halifax-class frigates monitor and control Canadian waters, defend Canada's sovereignty, facilitate large-scale search and rescue activities, and provide emergency assistance when needed. Introduced into service in the 1990s, the Canadian-built Halifax-class frigates were recently modernized to remain operationally effective and relevant until the Canadian Surface Combatants enter into service. The Canadian Surface Combatants will replace the Halifax-class frigates and the retired Iroquois-class destroyers. With them, the RCN will have modern and capable ships to monitor and defend Canada's waters, to continue to contribute to international naval operations for decades to come and to rapidly deploy credible naval forces worldwide, on short notice. Quotes "The Government of Canada remains firmly committed to continue delivering the modern equipment that the members of the Royal Canadian Navy need when performing their important duty on Canada's waterways. Moreover, this in-service support is another example of how the government helps tomaintain our existing Royal Canadian Navy fleet, while creating jobs, and generating good economic opportunities for businesses and Canadians." The Honourable Anita Anand Minister of Public Services and Procurement "These systems will provide our women and men in uniform with the equipment they need to do the important job we ask of them. The six systems that will be maintained under this contract will help our sailors detect, track, and identify threats to their ship, which will give them greater protection as they conduct their mission in the service of our nation's interests. I am proud to see Canadian companies contributing to our Canadian military excellence at home and abroad." The Honourable Harjit S. Sajjan Minister of National Defence "Through this procurement, our Government is supporting economic growth as we navigate through the COVID-19 pandemic. This contract will lead to opportunities for Canadian suppliers, investments in skills development, training and research, and will generate export opportunities for Canadian businesses." The Honourable Navdeep Bains Minister of Innovation, Science and Industry Quick facts Through the National Shipbuilding Strategy, the Government of Canada successfully modernized the RCN's fleet of 12 Halifax class frigates to ensure they continue to meet evolving operational needs. As part of this modernization project, various combat systems onboard the frigates were retrofitted through the Halifax-Class Modernization/Frigate Life Extension Combat System Integration Design and Build contract. These include, but are not limited to, detection and search radars, navigation radars, fire control systems (targeting radars), and target identification systems. The initial contract is valued at approximately $182 million. Its amount may increase over the next 6 years as work progresses, depending on whether more maintenance is required. The total value for up to 12 years will be determined if and when options to extend the contract are exercised. The Industrial and Technological Benefits Policy, including the Value Proposition, applies to this procurement. The frigates operate with and integrate into the United Nations, the North Atlantic Treaty Organization and coalitions of allied states in support of international peace and security operations. In July and August 2019, Irving Shipbuilding Inc., Seaspan Victoria Shipyards Limited, and Chantier Davie were each awarded a $500-million contract to carry out maintenance work on the first group of Canada's Halifax-class frigates. Associated links Link to Buy and sell Halifax-class Modernization/Frigate Life Extension Halifax-class frigates: Maintaining Canada's federal fleet of combat vessels Industrial and technological benefits Follow us on Twitter Follow us on Facebook SOURCE Public Services and Procurement Canada For further information: Cecely Roy, Press Secretary, Office of the Honourable Anita Anand, 343-549-7293, cecely.roy@canada.ca ; Media Relations, Public Services and Procurement Canada, 819-420-5501, media@pwgsc-tpsgc.gc.ca Related Links www.tpsgc-pwgsc.gc.ca https://www.newswire.ca/news-releases/government-of-canada-awards-contract-for-in-service-support-for-halifax-class-combat-systems-844143601.html