Calgary company nets CF-18 maintenance deal
A Canadian Forces CF-18 sits in its hangar at the air base in Inuvik, Northwest Territories on Thursday Aug. 28, 2008. The federal government has contracted Calgary-based Harris Canada Inc. for avionics maintenance of its CF-18 fighter jets until their replacements are ready to fly. THE CANADIAN PRESS/Tom Hanson
CALGARY - The federal government has contracted Calgary-based Harris Canada Inc. for avionics maintenance of its CF-18 fighter jets until their replacements are ready to fly.
Defence Minister Peter MacKay says the contract allows Canada to keep the CF-18's flying until the new F-35 Lightning II takes to the skies.
The competitive contract, valued at $273.8 million, covers the repair, overhaul, engineering, management and life-cycle support of the electronic systems on the CF-18s.
Public Works Minister Rona Ambrose says the contract will support high quality jobs in the area.
More than 40 full-time positions will be maintained in Calgary annually for the duration of the up to nine year contract.
The CF-18 fleet is scheduled to be retired and replaced by the F-35 fighter aircraft in 2020.
Jim Prentice, regional minister for Southern Alberta says the contract will help strengthen the aerospace industry in the region "for years to come."
MSN.ca Money's editorial goal is to provide a forum for personal finance and investment ideas. Our articles, columns, message board posts and other features should not be construed as investment advice, nor does their appearance imply an endorsement by Microsoft of any specific security or trading strategy. An investor's best course of action must be based on individual circumstances.
Is it important to own a house?
Thanks for being one of the first people to vote. Results will be available soon. Check for results
- 76 %1. Yes, owning a home is an investment that will pay off.
- 2. No, I'd rather save my money and rent.
- 3. No, I can't afford to buy a home.
- 4. I don't know.