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November 19, 2023 | Local, Aerospace, Land, Security

Minister Blair to hold media availability regarding External Monitor report

The Honourable Bill Blair, Minister of National Defence, will hold a media availability with reporters.

https://www.canada.ca/en/department-national-defence/news/2023/11/minister-blair-to-hold-media-availability-regarding-external-monitor-report.html

On the same subject

  • Naval and army monuments installed at DND HQ but date for CF-18 installation unknown

    September 23, 2020 | Local, Aerospace, Naval, Land

    Naval and army monuments installed at DND HQ but date for CF-18 installation unknown

    David Pugliese National Defence has installed the first pieces of equipment as monuments at the new headquarters on Carling Avenue in Ottawa. A Leopard C2 tank and the bow of the former destroyer HMCS Iroquois (see below) were installed in late March as part of the monuments project costing more than $1 million. The Royal Canadian Air Force will provide a CF-18 fighter jet for display at the headquarters. “The installation date of the CF-18 is still being determined,” Canadian Forces spokesman Maj. Scott Spurr noted in an email. Each service was allowed to select its monument as representative of its branch. The original cost of the monuments project was $400,000 but that increased as more equipment displays were added. In addition, a second monument grouping consisting of a Light Armoured Vehicle-3, a Sea King helicopter and a historical naval piece, which has yet to be determined, will be installed. Construction is expected to start on the initiative by the spring of 2021. A third monument, a First World War Nieuport aircraft, will be displayed from the ceiling over the lobby of one of the main buildings at the defence headquarters. An artillery gun, selected by the Canadian Army, will also be on display along with a Standard Missile 2 from the Royal Canadian Navy. The gun will symbolize involvement in the first Boer war 120 years ago while the missile will demonstrate technology advancements since then, according to the DND and Canadian Forces. The installation of the monuments is part of the Department of National Defence's “branding strategy” for the Carling Avenue headquarters. “The National Defence Headquarters will be a physical expression of the Defence Team; a representation of Canada's military history and the future strength of Canada's Defence Team establishment,” noted a branding document obtained by this newspaper through the Access to Information law. In 2015, the plan was to have the monuments only consist of a Leopard tank, a CF-5 fighter jet and a then unknown navy monument. The criteria was that “the monuments characterize offensive and defensive weapons capability,” according to the documents. The original budget was $400,000 but that amount has been increased as additional equipment was selected for display. The CF-5 jet was dumped in exchange for a more modern CF-18, which will be installed on a concrete pedestal. Previously the location was referred to as the “Carling Campus” but now that has been officially changed to NDHQ Carling. The branding strategy noted that the selected name is “a brand that is generic in nature but inclusive of our heritage and traditions, representing and respecting the great diversity of our work forces and its branches of service.” The federal government spent $800 million on acquiring and outfitting the former Nortel complex for the DND's needs. It has argued that it will see substantial savings from consolidating many of the department's employees into one site. The defence campus consists of about 28 hectares once owned by Nortel and 120 hectares leased from the National Capital Commission. The DND will also continue to operate its downtown Ottawa headquarters at 101 Colonel By as well as some other office locations in Ottawa and Gatineau https://www.thechronicleherald.ca/news/canada/naval-and-army-monuments-installed-at-dnd-hq-but-date-for-cf-18-installation-unknown-500245/

  • Barrett secures Canadian DND contract

    November 6, 2019 | Local, C4ISR

    Barrett secures Canadian DND contract

    Perth, Western Australia, November 6, 2019 – Barrett Communications have recently been awarded a multiyear contract to supply the Canadian National Defence Department (DND) with Very High Frequency (VHF) radio communications equipment. This new contract follows on from the earlier contract awarded to Barrett in 2016. The Barrett PRC-2080+ VHF radio systems are designed for multi-role military applications providing rugged reliable field proven communications. The PRC-2080+ system is offered in hand portable, manpack, vehicle, base and rebroadcast system configurations, giving flexibility for its deployment in the field. Andrew Burt, Barrett Communications CEO commented “We have many exciting developments and contracts coming from the America's right now. We are pleased to have secured this contract demonstrating the confidence the Canadian DND has in Barrett communications equipment.” View source version on Barrett Communications: https://www.barrettcommunications.com.au/news/barrett-secures-canadian-dnd-contract/

  • Seaspan Announces Closing of Second $500 Million Investment by Fairfax Financial Holdings Limited

    January 16, 2019 | Local, Naval

    Seaspan Announces Closing of Second $500 Million Investment by Fairfax Financial Holdings Limited

    HONG KONG, Jan. 15, 2019 /CNW/ - Seaspan Corporation (NYSE: SSW) ("Seaspan") announced today the closing of the second tranche of the $1 billion aggregate investment commitment by Fairfax Financial Holdings Limited and its affiliates (collectively, "Fairfax") in Seaspan. As with Fairfax's initial $500 million investment in Seaspan, and pursuant to definitive agreements entered into on March 13, 2018 and announced on March 14, 2018, this second tranche of funding (the "Second Fairfax Investment") is structured as a $250 million issuance of (i) 5.50% senior notes due 2026 and (ii) approximately 38.46 million warrants (the "2019 Warrants"). Pursuant to a definitive agreement entered into and announced on May 31, 2018, Fairfax has agreed to immediately exercise the 2019 Warrants at an exercise price of $6.50per warrant, for additional equity proceeds to Seaspan of $250 million. As a result, Seaspan's aggregate proceeds from the Second Fairfax Investment will be $500 million. This brings Fairfax's total investment in Seaspan to $1 billion, the proceeds of which will be used to fund future growth initiatives, repay debt and for general corporate purposes. With the closing of the Second Fairfax Investment, Fairfax's aggregate shareholdings in Seaspan are 76.9 million Class A common shares or approximately 36% of shares outstanding. Fairfax continues to hold the 25 million seven year warrants, with an exercise price of $8.05, which were issued to it on July 16, 2018. Summary of Fairfax Investments1 Investment Date Issued/Exercised Proceeds to Seaspan 2025 Notes February 14, 2018 $250 million 2018 Warrants July 16, 2018 $250 million 2026 Notes January 15, 2019 $250 million 2019 Warrants January 15, 2019 $250 million 1 Does not include the 25 million seven year warrants outstanding as of the date hereof David Sokol, Chairman of Seaspan Corporation commented, "The closing of this follow-on Fairfax investment bolsters Seaspan's balance sheet for the future. Seaspan's management team and Board of Directors are proud to continue building upon the strong partnership created with Fairfax. This additional investment will enhance Seaspan's ability to execute on our long-term goals of deleveraging, strengthening our balance sheet, and creating value through disciplined and thoughtful capital allocation." Prem Watsa, Chairman and Chief Executive Officer of Fairfax said, "With the closing of this investment, we are excited to expand our partnership with Seaspan, which now represents one of Fairfax's largest investments." About Seaspan Seaspan is a leading independent charter owner and operator of containerships with industry leading ship management services. We charter our vessels primarily pursuant to long-term, fixed-rate, time charters to the world's largest container shipping liners. Seaspan's operating fleet consists of 112 containerships with a total capacity of more than 900,000 TEU, an average age of approximately 6 years and an average remaining lease period of approximately 4 years, on a TEU-weighted basis. Seaspan has the following securities listed on The New York Stock Exchange: Symbol: Description: SSW Class A common shares SSW PR D Series D preferred shares SSW PR E Series E preferred shares SSW PR G Series G preferred shares SSW PR H Series H preferred shares SSW PR I Series I preferred shares SSWN 6.375% senior unsecured notes due 2019 SSWA 7.125% senior unsecured notes due 2027 SSW25 5.500% senior notes due 2025 About Fairfax Financial Holdings Limited Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. Investor Inquiries: Mr. Matt Borys Investor Relations Seaspan Corporation Tel. +1-778-328-5340 Email: mborys@seaspanltd.ca SOURCE Seaspan Corporation https://www.newswire.ca/news-releases/seaspan-announces-closing-of-second-500-million-investment-by-fairfax-financial-holdings-limited-848167000.html

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