Irving Shipbuilding and Acadia University Announce Certificate in Maritime Security at CANSEC Canada's Global Defence and Security Trade Show

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  7 mai 2020 | Local, Terrestre

  General Dynamics saw $1 billion bump after Canada-Saudi accord

  By: Joe Gould   1 day ago WASHINGTON ― General Dynamics has received $1 billion since the renegotiation of a $10 billion contract for Canada to sell light armored vehicles to Saudi Arabia, company officials said on its first quarter earnings call. In a deal last month, Canada lifted its ban on arms sales to Saudi Arabia, which in turn agreed to a speedier payment schedule for the LAVs. Canada had the vehicles on hold since 2018, following the death of Saudi journalist Jamal Khashoggi; and by October, Saudi Arabia had racked up $1.5 billion in back payments to General Dynamics. Amid news on the April 29 call that the company's revenue fell $512 million in connection with the coronavirus pandemic, General Dynamics Chief Financial Officer Jason Aiken highlighted “the formal signing of the restructured contract on the Canadian international program, which settled all issues to the satisfaction of the parties.” “With respect to our standing receivable you may recall that we received $500 million early in the first quarter and we received another $500 million this month. This will be very helpful to free cash flow in the second quarter,” Aiken said. “We will begin a regular cadence of scheduled payments in 2021 consistent with deliveries and making further progress in the scheduled amortization of the arrearage.” The company's Combat Systems division had revenue of $1.7 billion, up 4.4 percent over the same quarter last year, and sales to the U.S. government were up 12 percent. The firm's aerospace business segment also had revenue of $1.7 billion, but that represented a 23 percent fall from the same quarter last year. On April 9, Canada's foreign affairs minister, François-Philippe Champagne, announced Ottawa was “able to secure significant improvements” to the LAV contract, including more latitude for the Canadian government to speak about it. Under the new terms, Canada could also delay or deny export permits without penalty if it learned Saudi Arabia was not using the vehicles for their stated purpose. Ottawa would also be reviewing permit applications on a case-by-case basis to ensure they meet Canadian law and the U.N. Arms Trade Treaty. Though the Trudeau government has been under political pressure to scrap the LAV deal over human rights concerns, Champagne said its cancellation would have “resulted in billions of dollars in damages” and risked thousands of Canadian jobs across the defense supply chain. The vehicles are made by the General Dynamics Land Systems subsidiary in London, Ontario. https://www.defensenews.com/congress/2020/05/07/general-dynamics-saw-1-billion-bump-after-canada-saudi-accord

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  22 septembre 2022 | Local, Naval

  Irving recruiting foreign workers to build Royal Canadian Navy's new warship fleet

  Irving Shipbuilding wants to bring in more foreign workers to help construct the Canadian navy's new fleet of warships.

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  6 février 2020 | Local, Aérospatial, Naval, Terrestre, C4ISR, Sécurité

  Canada Unprepared for Military Aggression Via Arctic, Say Defence Experts

  BY RAHUL VAIDYANATH Modernizing outdated North Warning System not funded as part of defence budget No sooner had a gathering to discuss modernizing the defence of North America taken place than two Russian strategic bombers approached Canadian airspace from the Arctic. The menace underscores the message to the Canadian government and public that the country is at greater risk than it has been in decades. North American Aerospace Defence Command (Norad) reported the Russian activity on Jan. 31, just two days after the Canadian Global Affairs Institute (CGAI) hosted a major defence conference in Ottawa. “They [the Russians and Chinese] have the weapons systems and we are increasingly seeing the intent, so we haven't caught up to that yet,” University of Calgary political science professor and conference panelist Rob Huebert said in an interview following the incident. The Russian aircraft stayed in international airspace and didn't enter U.S. or Canadian sovereign airspace, but it nevertheless highlighted the threat. Huebert says what's been holding Canada back is a decades-long multi-faceted problem of attitudes. Canada is accustomed to playing the “away game” instead of the “home game,” meaning it prefers to face its threats as far away from its borders as possible. Thus the protection of the North American continent requires a change of mindset given the advanced capabilities of the Russians and Chinese. It's also naive on Canada's part to think it can simply talk to Russia and China and get them to play nice. “We have to be a lot more honest with Canadians,” Huebert said. A government can favour certain initiatives, and the current one has shown it can generate broad public buy-in for its environmental initiatives. But even if the public isn't clamouring for better military capabilities—as seen in the lack of interest the topic garnered during the election run-up—experts say the government can no longer ignore the military threat from Russia and China. “What this government has shown no willingness to deal with is a much more comprehensive understanding of security that encapsulates both environmental security and military security,” Huebert said. For example, the Liberals didn't put forth their Arctic policy until a day before the election was called. ‘People have to recognize there is a real threat' Canadian governments have put a lower priority on defence spending for decades, and that has left a consistent drop in capability compared to potential rivals. A case in point is that Canada opted in 2005 to not be a part of the U.S. ballistic missile defence program. Contrast that attitude with the Russians or the Chinese and their imperialist goals. Russia wants to destroy us and China wants to own us, said John Sanford of the U.S.'s National Maritime Intelligence Integration Office, at the CGAI forum. A power play is shaping up between the United States, China, and Russia, and the Arctic is the epicentre of the military conflict. That makes it Canada's business, according to defence experts. “People have to recognize there is a real threat,” said conference opening speaker Commodore Jamie Clarke, Norad's deputy director of strategy. “We are defending our entire way of life.” At risk is Canada's economy and infrastructure, not to mention that of the United States. At the heart of the matter is an outdated detection and deterrence system with no comprehensive replacement in the works. https://www.theepochtimes.com/canada-unprepared-for-military-aggression-via-arctic-say-defence-experts_3228565.html