Canada to Buy 360 General Dynamics Vehicles for Up to C$3 Billion
August 16 2019 - 7:56PM
Dow Jones News
By Josh Beckerman
The Canadian government said it will buy 360 combat support
Light Armoured Vehicles from General Dynamics Corp.'s (GD) General
Dynamics Land Systems-Canada for up to C$3 billion ($2.26
billion).
The government will also provide a loan valued up to C$650
million.
"To maximize the economic benefits of this project for
Canadians, the supplier will reinvest an amount equal to the value
of this contract -- dollar-for-dollar -- back into the Canadian
economy to create jobs and opportunities for innovation," the
government said.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
August 16, 2019 19:41 ET (23:41 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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