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BUSINESS: Ottawa, Canada Signs $5-Billion Helicopter Deal

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posted on Nov, 24 2004 @ 10:16 AM
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Ottawa and Sikorsky Aircraft of Connecticut signed a pair of contracts Tuesday totaling a reported $5 billion for the manufacture and maintenance of 28 CH-148 Cyclone helicopters, and to deliver the first on November of 2008. The Cyclone will provide a much needed platform for the men and women in Canadian uniform. "With a helicopter like this it will be able to perform the diverse and difficult roles needed in Canada along with a global security environment" said Defense Minister Bill Graham. Sikorsky will face a $100,000 per day penalty if they fall into default to a maximum of $36 million if it doesn't meet the deadline.
 



www.cbc.ca

Ottawa Signs $5-Billion Helicopter Deal

Last Updated Tue, 23 Nov 2004 23:24:16 EST

www.cbc.ca..." target='_blank' class='tabOff'/>

"The CH-148 Cyclone will provide our men and women in uniform with a helicopter that can perform the diverse and difficult roles required in today's global security environment," said Defense Minister Bill Graham in a news release. "This acquisition is one that will provide significant economic benefits to Canadian companies from coast to coast for decades to come." The first contract, worth $1.8 billion, covers the purchase of the helicopters. The remaining $3.2 billion is for a 20-year service, training and support contract.



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I see this as a good thing all around, some employment for our American friends as well as some for Canadians, and some decent and safe helicopters for our Canadian Military and Rescue personnel.

Related News Links:
Canadian Military








[edit on 11-24-2004 by William One Sac]




posted on Nov, 24 2004 @ 11:10 PM
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Right on


It seems that this is the first time in years that the Gov. here has bought anything new for the military other than Jackets.



posted on Nov, 24 2004 @ 11:19 PM
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quote byDEADSTEVE
Right on


It seems that this is the first time in years that the Gov. here has bought anything new for the military other than Jackets.



Yea well they haven't gotten one yet, I hope they stick with the deal



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