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  December 17, 2018 | Local, Land

  Trudeau says Canada wants out of $13 billion deal to sell armored vehicles to Saudi Arabia

  Bloomberg News, Natalie Obiko Pearson Canada was looking for a way out of a US$13 billion deal to export armored vehicles to Saudi Arabia, Prime Minister Justin Trudeau said in a televised interview Sunday. “We are engaged with the export permits to try and see if there is a way of no longer exporting these vehicles to Saudi Arabia,” Trudeau told CTV on Sunday, without elaborating. Amid growing international outrage over the murder of Saudi journalist Jamal Khashoggi, the government has been reviewing the planned sale of the armored vehicles made by London, Ontario-based General Dynamics Land Systems, a unit of U.S.-based General Dynamics Corp. Trudeau's administration has said it wouldn't issue new export permits during its review of the deal, which was signed by the previous government. The Canadian leader had indicated previously that his government's hands were somewhat tied by the contract, saying it could cost $1 billion to cancel it. “The murder of a journalist is absolutely unacceptable and that's why Canada from the very beginning had been demanding answers and solutions on that,” Trudeau told CTV. https://business.financialpost.com/news/economy/trudeau-says-canada-wants-out-of-saudi-vehicle-export-deal

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  April 6, 2022 | Local, Naval

  Canadian Coast Guard's Three New Fishery Vessels Drydocked for Repair

  The Canadian Coast Guard has found that its new series of marine science vessels have a class-wide i...

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  November 3, 2020 | Local, Aerospace

  Saab and Mitacs to grow Canadian innovation links

  The partnership establishes the means to drive innovation by providing Saab access to the precise Canadian postsecondary expertise and know-how required to advance their R&D activities in Canada. Mitacs will match highly qualified research experts from Canadian academic institutes to advance Saab's next generation technologies, and Saab will provide industry guidance and other in-kind resources, while both will share the financial cost to support these applied research and innovation internships. “Saab works closely with universities around the world in fostering the academic research that can ultimately end up at the heart of our long range radars that can see stealth aircraft or helping to deliver the benefits of digitalization into airports. The MoU with Mitacs gives us the chance to extend that approach to Canada's universities, and we look forward to exploring new technologies and areas of research across Canada,” said Jonas Hjelm, Senior vice-president and Saab's head of business area Aeronautics. At a macro level, participating students and the selected projects will boost innovation by advancing Saab's development agenda with wider economic benefits in job creation and further industrialization of the research. At the intern level, the work will facilitate skills development and work-integrated learning as together Saab and Mitacs advance the mutually beneficial goals. “Mitacs is proud to partner with Saab and connect them with talent to advance business goals through research and development. Canadian student researchers drive innovation and benefit from working with Saab and applying their skills to advance aviation technologies. We are grateful to the Government of Canada for investing in R&D,” said John Hepburn, CEO and scientific director, Mitacs. This MOU arises from Saab's Industrial and Technological Benefit commitments that Saab has made as part of its bid for the Future Fighter Capability Project (FFCP) and is subject to Saab's selection for that program. Saab has submitted an offer of 88 Gripen E fighters for the Canadian FFCP with a comprehensive ITB offer involving the Gripen for Canada Team (https://www.saab.com/markets/canada/gripen-for-canada) https://www.skiesmag.com/press-releases/saab-and-mitacs-to-grow-canadian-innovation-links/