17 janvier 2020 | Local, Aérospatial

Maxar selling MDA to NPC

Maxar announced it signed a definitive agreement to sell its Canadian business, MDA, to Northern Private Capital (NPC). You can read the details in our press release.

I would like to assure you that MDA is committed to continuously delivering the high-quality of service that our customers expect. Maxar and MDA will continue normal operations through the expected close of the transaction, which we believe will happen within 12 months, after the standard U.S. and Canadian regulatory approval.

After the close, the MDA team will operate as a private, stand-alone company within NPC's portfolio, retaining its name and standing as the leading space and defence company in Canada. MDA will remain an important business partner and supplier to Maxar, and Maxar will be MDA's largest customer. Additionally, the companies will continue to sell each other's complementary satellite data.

NPC is a Toronto-based investment firm led by John Risley and Andrew Lapham. It has created a Canadian investment fund to finance this transaction. NPC views Canada's renewed commitment to utilizing space for its civil and defence needs as a strong opportunity to bring MDA home to Canada. MDA will remain dedicated to its work for the Canadian government and as a merchant supplier to the international community.

Maxar's leadership team and Board of Directors believe this transaction best positions Maxar for growth in the future. Once closed, it will enable Maxar to reduce its debt load and focus on substantial growth opportunities in its core markets of Earth Intelligence and Space Infrastructure. And likewise, MDA will be able to focus on capturing large, Canadian programs in the future, in addition to addressing commercial and export markets.

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  • F-35 Proposal To Canada Submitted

    3 août 2020 | Local, Aérospatial

    F-35 Proposal To Canada Submitted

    FORT WORTH, Texas, July 31, 2020 /PRNewswire/ -- On July 30, the U.S government submitted the Request for Proposal (RFP) response for the Lockheed Martin (NYSE: LMT) built F-35 to Canada in support of their Future Fighter Capability Project. Canada has been a valued partner since the inception of the Joint Strike Fighter competition. Canadian industry plays an integral role in the global F-35 supply chain and has gained significant technical expertise over the past 15-plus year involvement in the F-35 production. "We are extremely proud of our longstanding partnership with Canada, which has played a key role in the F-35's development," said Greg Ulmer, F-35 Program executive vice president. "The 5th Generation F-35 would transform the Royal Canadian Air Force fleet and deliver the capabilities necessary to safeguard Canadian skies. The F-35's unique mix of stealth and sensor technology will enable the Royal Canadian Air Force to modernize their contribution to NORAD operations, ensure Arctic sovereignty and meet increasingly sophisticated global threats." The program will continue to bring manufacturing and production opportunities to Canada, with an estimated 150,000 jobs supported over the life of the program. The F-35 program connects Canadian industry to a global supply chain supporting a growing fleet that will deliver more than 3,200 aircraft and delivers sustainment well past 2060. To date, the F-35 operates from 24 bases worldwide. More than 1,040 pilots and over 9,340 maintainers are trained. Nine nations operate the F-35 from their home soil and six services have employed F-35s in combat operations. For additional information, visit www.f35.com. About Lockheed Martin Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 110,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. SOURCE Lockheed Martin Aeronautics https://news.lockheedmartin.com/2020-07-31-F-35-Proposal-to-Canada-Submitted

  • Patriot One Secures Contract for Correctional Service Canada from Innovative Solutions Canada

    10 mars 2020 | Local, C4ISR, Sécurité

    Patriot One Secures Contract for Correctional Service Canada from Innovative Solutions Canada

    Program to fund deployment and evaluation of PATSCAN Platform, including its video fight detection module TORONTO, ON (March 9, 2020) – Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), is pleased to announce it has been awarded a contract for the PATSCAN Multi-Sensor Covert Threat Detection Platform (the “PATSCAN Platform”) by Innovation Solutions Canada (ISC) for Correctional Service Canada (CSC). The contract will include the purchase, deployment and evaluation of the PATSCAN Platform, including the video fight and disturbance detection module. Deployment of the PATSCAN Platform will begin with Correctional Service Canada (CSC) in March 2020 at an undisclosed location. The contract from Innovative Solution Canada (ISC), was awarded to Patriot One for its PATSCAN Platform, with specific interest around the Video Object Recognition Software (VRS) solution for the detection of visible make-shift knives, cellphones, as well as disturbances and fights, all of which have been issues with correction facilities and their management teams. The Platform was evaluated and pre-qualified under the ISC's Testing Stream, formerly named the Build in Canada Innovation Program (BCIP). The Testing Stream helps connect Canadian innovators with federal government departments that are willing to test their innovation and provide innovators with valuable testing feedback. “We've been working with Innovative Solutions Canada Program, formerly BCIP, on this project, prior to being acquired by Patriot One in December 2018,” shared Dr. James Stewart, SVP Video Analytics at Patriot One. “We are excited to be part of the program to demonstrate our capabilities to not only detect concealed and visible threat objects with our PATSCAN Platform, but also help correctional facility management and guards quickly detect fights and disturbances that at times breakout between inmates.” Patriot One's business development and engineering teams have begun work with teams at ISC and Correctional Service Canada (CSC) on the production of the PATSCAN Platform, which will be delivered for installation and deployment at an undisclosed facility beginning March 2020. Following onsite testing and evaluation, Patriot One, and CSC will discuss the possibility of expanding the Platform deployment across Canada. Respectfully “Martin Cronin” Martin Cronin, CEO About Patriot One Technologies Inc. Patriot Ones' mission is to deliver innovative threat detection and counter-terrorism solutions for safer communities. Our PATSCAN™ Multi-Sensor Covert Threat Detection Platform provides a network of advanced sensor technologies with powerful next generation AI/machine learning software. The network can be covertly deployed from far perimeter to interiors across multiple weapons-restricted facilities. The PATSCAN™ platform identifies and reports threats wherever required; car park, building approach, employee & public entryways and inside the facilities. Each solution in the platform identifies weapons, related threats or disturbances for immediate security response. 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For further information, please contact: Patriot One Technologies Inquiries info@patriot1tech.com www.patriot1tech.com Investor Relations John Martin, Patriot One Technologies +1 (888) 728-1332 johnm@patriot1tech.com Media Contacts: Scott Ledingham, Patriot One Technologies +1-613-806-7135 scott@prmedianow.com Innovation Solutions Canada (ISED) Ottawa Headquarters Telephone: 343-291-1777 Business hours: 7:30 a.m. to 5:30 p.m media relations team. CAUTIONARY DISCLAIMER STATEMENT: No securities exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release. This news release contains forward-looking statements relating to system sales, product development, licensing, commercialization and regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects”,” believes”, and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include counterparty default and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law. Neither the Toronto Stock Exchange (TSX) nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. https://patriot1tech.com/corporate-news/patriot-one-secures-contract-for-correctional-service-canada-from-innovative-solutions-canada/

  • PAL Aerospace seeks talent for SAR operating bases

    21 août 2018 | Local, Aérospatial

    PAL Aerospace seeks talent for SAR operating bases

    Chris Thatcher PAL Aerospace is on the hunt for maintenance, materiel, information technology and other support talent to staff the Royal Canadian Air Force's (RCAF's) four search and rescue main operating bases. Twenty months after the federal government selected 16 Airbus CC-295W fixed-wing search and rescue aircraft to replace six CC-115 Buffalos and 12 CC-130 H-model Hercules, St. John's, N.L.-based PAL is ready to hire the team that will deliver in-service support (ISS) for the new fleet. “PAL Aerospace will be providing a wide assortment of program management services as we prepare to undertake the maintenance and logistics support, heavy maintenance, including a mobile repair team, and centralize supply chain management activities for this aircraft,” Eva Martinez, vice-president of ISS, told the Abbotsford Aerospace, Defence and Security Expo (ADSE) in August. As a supplier to Airbus, PAL is responsible for maintenance and material support of the new fleet, providing an integrated team of aircraft maintenance engineers (AMEs), warehouse and tool crib personnel, a technical library and a contractor field office at four main operating bases in Comox, B.C., Winnipeg, Man., Trenton, Ont., and Greenwood, N.S. Each base will require around 11 people. PAL will also establish and maintain a maintenance, repair and overhaul (MRO) facility in Winnipeg for heavy maintenance work. The shop will be co-located with its central warehouse, and will be home base for the mobile repair team. In total, PAL expects to hire around 28 people to staff the facility. As for material, PAL will provide ground support equipment, a 30-day supply of aircraft consumables at each base, personal protective equipment, and shipping and handling of all aircraft spare parts, said Martinez, an aerospace engineer who served 13 years in the Air Force. Through a joint venture with Airbus called AirPro, PAL will collaborate on the integration of all ISS services. “Our hiring target as it stands right now is 73,” she said. “As we work with Canada and Airbus to fully define the maintenance tasks, we could see an increase in the level of effort required...for AMEs.” That workload is based in part on RCAF plans to locate three CC-295W at each base. Two more will reside with the operational training unit in Comox while a final two will serve as floaters. “They will be moved around depending on the induction into heavy maintenance as well as the operational tempo,” said Martinez. Comox, which will include the RCAF's new search and rescue training centre, will stand up in 2019 to coincide with the arrival of the first aircraft, expected by the end of next year. The front, mid and rear fuselage sections have been delivered to Airbus's pre-final assembly line in Tablada, Spain, and the final aircraft is expected to roll out in the first quarter of 2019. Full article: https://www.skiesmag.com/news/pal-aerospace-seeks-iss-talent-for-rcaf-sar-operating-bases/

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