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February 18, 2024 | Local, Land

Les contrats militaires continueront de plomber CAE, met en garde son patron

Les actionnaires de CAE devront patienter encore quelques trimestres avant que ses anciens contrats militaires à prix fixe cessent de gruger ses marges. Les investisseurs ont mal accueilli la nouvelle, alors que l’action a perdu près de 10 %.

https://www.lapresse.ca/affaires/entreprises/2024-02-14/les-contrats-militaires-continueront-de-plomber-cae-met-en-garde-son-patron.php

On the same subject

  • Keeping the Canadian Armed Forces connected

    March 14, 2019 | Local, C4ISR

    Keeping the Canadian Armed Forces connected

    March 14, 2019 – Ottawa, ON – National Defence / Canadian Armed Forces Canada's defence policy, Strong, Secure, Engaged, highlights the importance of providing the women and men of the Canadian Armed Forces with the equipment and support they need to train and operate successfully. In support of this priority, The Department of National Defence announced today the award of an in-service support (ISS) contract to help maintain and strengthen the communications and information systems the Canadian Army depends on to inform and direct land operations. The Intelligence, Surveillance, Target Acquisition and Reconnaissance (ISTAR) ISS contract was awarded to Rheinmetall Canada for a value of $57.49M. This supports ISTAR components and software that ensure data exchanges occur seamlessly from “sensing” and intelligence-gathering equipment such as Unmanned Aerial Vehicles or ground radars to the Land Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (LC4ISR) system. This is one of four contracts supporting the LC4ISR system. The LC4ISR is a highly integrated tactical system composed of many sensor, communication, networking, and information management sub-systems. It is part of every Canadian Army vehicle, weapons platform and headquarters to help coordinate and conduct modern operations. The LC4ISR is made up of numerous hardware, firmware and software elements, and essentially acts as deployed forces' central nervous system. The contract will support approximately 50 highly skilled jobs in Canada. Quotes “Providing our women and men in uniform with what they need to do the important job we ask of them is one of our top priorities. This contract will help ensure commanders can receive information from key equipment like ground-based radars, electronic warfare suites and remotely piloted aircraft systems in order for them to make timely decisions to achieve operational success. It will also support 50 jobs in Quebec and Ontario.” – Minister of National Defence, Harjit S. Sajjan Quick facts In November 2017, a request for proposals was issued for the ISTAR Support Contract. On October 19, 2018, the contract was awarded to Rheinmetall Canada. The duration of the contract is five years. The ISTAR Support Contract is one of four LC4ISR ISS contracts. Together, these contracts provide essential services that include hardware and software engineering work, fixing software issues, correcting any equipment problems, and analyzing and maintaining system health. The ISS also supports specific LC4ISR equipment such as radios. Associated links Investing in the Canadian Armed Forces Strong, Secure, Engaged: Canada's defence policy https://www.canada.ca/en/department-national-defence/news/2019/03/keeping-the-canadian-armed-forces-connected.html

  • DND unable to say exactly when delays in $70-billion warship program began

    February 17, 2021 | Local, Naval

    DND unable to say exactly when delays in $70-billion warship program began

    David Pugliese, Ottawa Citizen, Postmedia News (dpugliese@ottawacitizen.com) Published: a day ago Updated: a day ago National defence says it doesn't know when it determined that a $70-billion project to buy new warships had fallen five years behind schedule, adding billions of dollars to the cost. That lack of knowledge about a massive mega-project is unprecedented, according to the department's former top procurement official, and is further proof the Canadian Surface Combatant project has gone off the rails. The Department of National Defence revealed Feb. 1 that the delivery of the first surface combatant ship would be delayed until 2030 or 2031. The first ship was to have been delivered in 2025, according to DND documents. The five-year delay will cost taxpayers billions of dollars, but the specific amount has yet to be determined. DND now acknowledges that while there were indications in early 2020 the project schedule was slipping, it doesn't actually know when it was determined the Canadian Surface Combatant program was facing significant delays. “There was no specific month/year,” DND spokesperson Jessica Lamirande wrote in an email to this newspaper. “It was an evolving schedule that continued to shift.” But Alan Williams, the former assistant deputy minister in charge of procurement at DND, said that lack of insight by DND staff is dangerous. On major equipment procurements, every step should be documented, as bureaucrats could be called on to justify future spending decisions and overall management of a project, he said. “It's totally absurd they can't even say when they first determined this project would be delayed by five years,” said Williams. “Is that not the definition of a total loss of accountability and control?” The Canadian Surface Combatant (CSC) project would see the construction of 15 warships for the Royal Canadian Navy at Irving Shipbuilding on the east coast. The vessels will replace the current Halifax-class frigate fleet. However, the project has already faced delays and significant increases in cost, as the price tag climbed from an original $14-billion estimate to $26 billion and then to $70 billion. The parliamentary budget officer is working on a new report on the CSC cost, to be finished by the end of February. Each year of delay could cost taxpayers more than $2 billion, the PBO warned previously. Although the DND has a new delivery date for the initial ship in the fleet, that doesn't mean that the vessel will be ready for operations at that time. “We expect delivery of the first ship in 2030/2031, followed by an extensive sea trials period that will include weapons certification and the corresponding training of RCN sailors, leading to final acceptance,” Lamirande said. No dates, however, were provided on when that final acceptance of the first ship would happen. Troy Crosby, the assistant deputy minister of materiel at the DND, denied the CSC project is in trouble. “I wouldn't call it trouble,” he said in an interview with this newspaper in November. “Is it hard? Is it challenging work? Absolutely. But I wouldn't say we're in trouble.” Other defence analysts are arguing the CSC program is salvageable with better governance and oversight. But Williams said the CSC is like a train rolling down a hill without brakes. “You're heading for disaster and people are talking about improving governance,” he said. “That won't save this project.” Canada has yet to sign a contract to build the Type 26 ship proposed by the consortium of Lockheed Martin and BAE for the CSC. So far, taxpayers have spent $739 million preparing for the eventual construction, according to figures tabled with parliament. Australia and the United Kingdom also plan to purchase the Type 26. But the first ship, destined for the U.K., has yet to be completed. The Canadian government originally said it would only accept a winning bid based on a mature existing ship design or a ship already in service with other navies. That would eliminate technical risk, as the design would be a known and tested commodity. The Type 26 carries extra risk as its design has not yet been proven. Williams said Canada could build an initial three Type 26 ships and then purchase other warships based on a proven design at a much reduced cost. Copyright Postmedia Network Inc., 2021 https://www.thechronicleherald.ca/news/canada/dnd-unable-to-say-exactly-when-delays-in-70-billion-warship-program-began-552869/

  • HÉROUX-DEVTEK ANNOUNCES MAJOR MULTI-YEAR CONTRACT

    August 5, 2022 | Local, Aerospace

    HÉROUX-DEVTEK ANNOUNCES MAJOR MULTI-YEAR CONTRACT

    /CNW Telbec/ - Héroux-Devtek Inc. (TSE: HRX) ("Héroux-Devtek", the "Corporation" or the "Company"), a leading international manufacturer of aerospace products...

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