25 janvier 2021 | Local, Aérospatial, C4ISR
January 19, 2021
By Wings Staff
At the AIx Space 2021 Conference, Saab outlined a proposed plan to establish a new facility in Canada as part of its offer for Canada's Future Fighter Capability Project (FFCP).
The facility would be known as the Saab Sensor Centre, located in Vancouver, British Columbia, with a focus on sensor technologies such as radar. The Saab Sensor Centre would provide career opportunities for Canadian engineering talent in the Vancouver area, as well offering research and development avenues for academia.
One of the proposed projects is to develop a Space Surveillance Radar (SSR) in Canada, in co-operation with other companies within the Canadian space industry. It is envisaged that this surface radar will target the global market for greater awareness of objects in the Earth's orbit.
“So much of modern life and military capability depends on space-based assets. Today space is anything but empty when it comes to the Earth's immediate vicinity with an increasing number of satellites and many more to come,” said Simon Carroll, President of Saab Canada Inc., in a statement. “We feel that Saab teamed with Canadian space partners are the perfect combination to co-develop a SSR for Canada and the global market.”
A Saab radar demonstrator has been built and is the basis for a co-development opportunity of a SSR with Canadian companies. This demonstrator leverages radar technology as found in Saab's military radars that operate across the world including on Canadian and U.S. naval ships.
Saab, in co-operation with the Swedish government, has offered 88 Gripen E fighter aircraft, for Canada's FFCP. The establishment of the Saab Sensor Centre is part of the associated Canada-wide Industrial and Technological Benefits (ITB) program from Saab.
In co-operation with the Swedish government, Saab's Gripen E fighter bid includes a support and training package for FFCP. The proposal includes a another two proposed Saab centres in Montreal. Known separately as the Gripen Centre and the Aerospace Research & Development Centre, they would be co-located in the Greater Montreal Region.
“These two centres, managed and staffed by Canadians, will provide prosperity and employment security, with several thousand new Canadian jobs across the Province of Quebec. This proposal will boost employment and generate valuable economic activity, as well as strengthening the aerospace sector,” stated Johansson, in an earlier statement.
The Gripen Centre would be the fighter's ITB centerpiece, primarily staffed by the Gripen for Canada Team. Work at the centre will be conducted by Canadians to ensure Gripen meets NORAD and NATO requirements. The Gripen Centre will also act as a hub for supporting and sustaining Gripen, while allowing Canada to manage future upgrades in-country.
The Aerospace R&D Centre will act as a focal point over decades for developing a rich ecosystem for research and innovation, representing a key component of Saab's long-term vision in Canada. The Aerospace R&D Centre will develop, test and produce next generation aerospace systems and components to complement the existing Canadian aerospace industry, which may include unmanned aerial systems, artificial intelligence and environmentally progressive aviation technologies.
The Gripen for Canada Team was announced in March 2020 and consists of IMP Aerospace and Defence, CAE, Peraton and GE.
https://www.wingsmagazine.com/saab-expanding-its-facilities-in-canada/
18 juin 2024 | Local, Terrestre
The National Defence and Canadian Armed Forces Ombudsman, Gregory A. Lick, released a report today titled Getting Redress Right: An investigation into the inequities Canadian Armed Forces (CAF) members face when they have limited or no grievance rights. This is Mr. Lick’s final report before his mandate ends on July 2nd.
16 janvier 2019 | Local, Naval
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
21 septembre 2022 | Local, Aérospatial
Le major-général Iain Huddleston, commandant de la 1re Division aérienne du Canada et autorité de navigabilité opérationnelle de l'Aviation royale canadienne (ARC), a levé la pause opérationnelle de la flotte d'aéronefs CT-114 Tutor à compter du 20 septembre. La pause opérationnelle avait été instaurée à la suite d'un accident impliquant un aéronef CT-114 Tutor du 431e Escadron de démonstration aérienne (connu sous le nom de Snowbirds) le 2 août 2022 à Fort Saint John, en Colombie-Britannique. L'autorité de navigabilité opérationnelle a déclaré la pause opérationnelle le 8 août après avoir consulté les enquêteurs de la Direction - Sécurité des vols (DSV) de l'ARC et les experts de l'autorité de navigabilité technique qui relèvent du sous-ministre adjoint (Matériel) du ministère de la Défense nationale. Une pause opérationnelle signifie que les aéronefs (qu'il s'agisse d'aéronefs spécifiques ou d'une flotte) cessent temporairement de voler jusqu'à ce qu'une évaluation des risques liés à la navigabilité opérationnelle puisse être réalisée et que les opérations de vol puissent reprendre en toute sécurité. Dans le cas présent, l'accident fait toujours l'objet d'une enquête par la DSV, mais l'enquête a permis d'obtenir suffisamment d'informations pour qu'une évaluation approfondie des risques puisse être réalisée. Le rapport initial de l'enquêteur vous informe de la DSV a été publié et a confirmé que la panne du moteur était due à un filtre à huile mal assemblé. L'enquête analyse actuellement les facteurs humains qui pourraient avoir contribué à cet événement. L'équipe reprendra ses vols à sa base d'attache de la 15e Escadre Moose Jaw, en Saskatchewan cette semaine. Peu de temps après, les aéronefs CT-114 des Snowbirds actuellement à Penticton et à Fort Saint John, en Colombie-Britannique, commenceront à retourner à la 15e Escadre Moose Jaw, en Saskatchewan. Le type de vol de précision requis pour les spectacles acrobatiques des Snowbirds exige un très haut niveau de compétence qui, à son tour, nécessite beaucoup de pratique. Étant donné que l'équipe n'a pas volé depuis l'accident du 2 août, il ne lui reste pas suffisamment de temps pour effectuer le nombre d'entraînements nécessaires pour être prêts en vue de ses spectacles prévus. En conséquence, la décision d'annuler les spectacles prévus restants de l'équipe pour 2022 a été prise. https://www.canada.ca/fr/ministere-defense-nationale/nouvelles/2022/09/levee-de-la-pause-operationnelle-de-la-flotte-daeronefsct-114-tutor.html