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Friday, October 21, 2011

Canada awards its largest ever ship contract

Two shipyards in Halifax and Vancouver will build up to 30 ships for Canada's navy and coast guard, including frigates, supply ships, patrol boats and an icebreaker, Ottawa announced Wednesday.

The $33-billion shipbuilding procurement is the largest in Canadian history, and is expected to create 15,000 jobs. The ships will also cover the needs of the Royal Canadian Navy and Coast Guard for the next 30 years, officials said.

"This is about rebuilding our navy, our coast guard," Defence Minister Peter MacKay said prior to the announcement. As well, the procurement will provide "a huge injection into the economy," he said.

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