17 septembre 2023 | Local, Sécurité

Canada to give C$33 million to help buy air defenses for Ukraine | Reuters

Canada will contribute C$33 million ($24.5 million) to a British-led partnership that is buying air defense equipment for Ukraine to help it fend off Russian missile and drone attacks, Defence Minister Bill Blair said on Sunday.

https://www.reuters.com/world/americas/canada-give-c33-mln-help-buy-air-defenses-ukraine-2023-09-17/

Sur le même sujet

  • Fires and rollovers plague Canadian Army's $600 million fleet of new armoured vehicles

    14 janvier 2019 | Local, Terrestre

    Fires and rollovers plague Canadian Army's $600 million fleet of new armoured vehicles

    David Pugliese, Ottawa Citizen he Canadian Army's new armoured vehicles have been plagued by rollovers and fires, the latest in a series of problems to affect the $600-million fleet. Since April 2014, there have been 10 incidents when Tactical Armoured Patrol Vehicles have tipped on to their sides, six where they have rolled over completely, and four where they have caught fire. Pat Finn, the assistant deputy minister in charge of procurement at the Department of National Defence, told Postmedia there have been no serious injuries as a result of the incidents. But the problems are not the first to hit the Tactical Armoured Patrol Vehicles or TAPVs. The TAPV program has “experienced a number of significant technical issues, particularly affecting vehicle mobility,” then-defence minister Rob Nicholson was told in August 2014. There have been problems with the suspension, steering and other items on the vehicle, according to a briefing document released under the Access to Information law. The technical issues significantly delayed the test program for the vehicles, the document added. “These accumulating incidents, which relate to the vehicle's ability to travel distances on medium cross country terrain, led the project office to conclude the existing testing could no longer continue.” The Conservative government announced the TAPV contract in 2012 as part of its re-equipping of the Canadian Army. Canada bought 500 TAPVs from Textron, a U.S.-based defence firm, at a cost of $603 million. The TAPV is a wheeled combat vehicle that will conduct reconnaissance and surveillance, security, command and control, and armoured transport of personnel and equipment. Finn said as a result of the various incidents further quality assurance tests are being done. “It's kind of high off the ground so it can be more agile,” he explained about the vehicle. “(But) it brings with it a high centre of gravity.” “It may be it's about training and understanding the vehicle,” Finn added. None of the vehicles have been written off because of the incidents, according to the Canadian Army. “Upon review of the major TAPV incidents, it has been identified that the most common contributing factors of these incidents tends to be human error due to limited familiarity time operating the vehicles,” the army noted in an emailed statement to Postmedia. The army pointed out that investigations into the incidents did not reveal any design or mechanical faults. “Primary reports on the majority of these incidents (rollover and tip-overs) were attributed to a combination of factors, such as operator experience, the vehicle's high centre of gravity, weather conditions, and/or vehicle speed,” the email noted. The army did not provide any explanation for the four fires on the TAPVs. The army noted that it is considering limits on the speeds the vehicles can operate at as well as “rollover hazard mitigations” and “recommendations such as the use of new technology to enhance experience for new drivers and crew.” The army did not provide further details on those new technologies or initiatives. The TAPV project will cost taxpayers a total of $1.2 billion, which not only includes the vehicles but also includes the building of infrastructure to house them, as well as the purchase of ammunition and service support for the equipment. The initial problems with steering and other issues delayed the delivery of the vehicles. After those were dealt with, the army had to contend last year with concerns about brakes and the distance the vehicles needed to stop. The TAPV is a heavy vehicle and requires longer stopping distances at higher speeds than most new drivers are familiar with, noted DND spokesman Dan Le Bouthillier in July 2018. The fleet of TAPVs have been distributed across seven bases and 24 units throughout Canada. The Canadian army has said it expects to declare full operational capability by mid-2020, following training of all operators. TAPVs were first deployed in spring 2017 to assist communities affected by the flooding in Quebec. dpugliese@postmedia.com Twitter.com/davidpugliese https://nationalpost.com/news/canada/fires-and-rollovers-plague-canadian-armys-600-million-fleet-of-new-armoured-vehicles

  • MDA president notes opportunities, challenges for Canada’s next role in space

    15 août 2018 | Local, Aérospatial

    MDA president notes opportunities, challenges for Canada’s next role in space

    MDA Press Release Canada's role and potential involvement in the growing new space economy requires a commitment from the Government of Canada for a new space strategy, the group president of MDA, a Maxar company, said in a speech to the Aerospace, Defence and Security Expo. “The most pressing question is whether Canada will participate, or not, in the international space community's next big exploration project,” said Mike Greenley, group president of MDA. “The United States, Europe, Japan and Russia are currently planning a return to the Moon in the 2020s. NASA will build a small space station that orbits the Moon, as a base for lunar exploration and as a gateway to explore deeper space. The international community expects Canada to participate in this mission and to provide advanced AI and robotics–our traditional and strategic role.” Greenley said the international community expects and wants Canada to participate. Full Article: https://www.skiesmag.com/press-releases/mda-president-notes-opportunities-challenges-for-canadas-next-role-in-space/

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

    16 janvier 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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