posted on Nov, 24 2004 @ 10:16 AM
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.
Ottawa Signs $5-Billion Helicopter Deal
Last Updated Tue, 23 Nov 2004 23:24:16 EST
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"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.
Please visit the link provided for the complete story.
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.
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[edit on 11-24-2004 by William One Sac]