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Wednesday, June 13, 2012
Shipyard project may shrink
Halifax Shipyard
Ottawa’s budgetary crunch could mean a scaled-back Halifax shipbuilding project, defence analysts say.
The federal government’s austerity measures, which are forcing the Department of National Defence to shed $2-billion from its budget, could translate into fewer dollars for the federal shipbuilding strategy.
Defence experts say that could take some wind out of the sails of Halifax’s Irving Shipbuilding yard. Last fall it won the combatant portion of the navy’s 30-year shipbuilding program, once valued at $25 billion.
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