General Dynamics Land Systems-Canada (GDLS) has won a $13bn contract from the Saudi Arabia Government to build and deliver military and civilian light-armoured vehicles, marking Canada’s largest advanced manufacturing export win.
The 14-year contract, which involves the manufacturing and delivery of heavy-armoured fighting vehicles, ancillary equipment, training and support services, is valued at $10bn, but it could reach $13bn if all available options are exercised.
Go deeper with GlobalData
Canada minister of international trade Ed Fast said the government is focused on creating jobs and opportunities for Canadian workers and their families.
"This landmark contract win will create thousands of advanced manufacturing jobs and new sources of prosperity throughout southern Ontario and every region of Canada," Fast said.
The Saudi Arabia Government has been purchasing light, fast and off-road manoeuvrable armoured vehicles from different firms since 2009.
See Also:
GDLS is behind the development of light-armoured vehicle three (LAV III), which is used by the Canadian army in Afghanistan, in addition to similar Stryker armoured vehicles for the US army.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe latest contract for GDLS would boost the US weapons maker, who has been hit with drop in revenues amid declining US army spending on weaponry.
Recently, the defence firm has been hit by Canada’s cancellation of a $2bn deal for the procurement of 108 heavyarmoured personnel carriers.
Image: A Canadian army’s LAV III. Photo: courtesy of Helene Samson.
