Canada to resume light armored vehicle exports to Saudi Arabia
Christian Fernsby ▼ | April 10, 2020
The Canadian government said that it had renegotiated the terms of a $14 billion light armored vehicles contract with Saudi Arabia, paving the way for exports to recommence.Article continues below
Topics: CANADA VEHICLE EXPORT SAUDI ARABIA
Minister of Foreign Affairs Francois-Philippe Champagne said in a Thursday, April 9 statement that Canada had “been able to secure significant improvements to the contract.”
Canceling the deal “could have resulted in billions of dollars in damages to the government of Canada, with potential damages amounting to the full value of the contract,” he said.
The move would have put thousands of Canadian jobs at risk, not only in “southwestern Ontario but also across the entire defense industry supply chain, which includes hundreds of small and medium enterprises,” he added.
The vehicles are made in Canada by a subsidiary of American contractor General Dynamics. ■ What to read next
UK motorists strongly support keeping the first MOT car test at three years, according to new research published today by the Society of Motor Manufacturers and Traders (SMMT).
Latest From the beginning of 2023, over 66 000 tons of grain products shipped from Krasnoyarsk Territory
Inflation changing consumer priorities in UAE
Earthquake in Afghanistan kills at least 11, nine of them in Pakistan
Governor Newsom releases master plan for tackling fentanyl and opioid crisis
U.S.: Strong storm for west and southwest, heavy snow for Northern Plains and upper midwest
Magnitude 5.9 earthquake strikes Valparaiso
Extensive raid underway in Slovenia and Bosnia and Herzegovina on suspicion of money laundering
Strong earthquake hits Afghanistan, felt from Kabul to Tajikistan
5-day quarantine for COVID-19 patients in Slovakia no longer mandatory
Generic pharmaceuticals market expected to reach $682.9 billion
Drug discovery services market worth $41.3 billion
Moldova resumes using Russian gas
Ukraine to ship 30,000 tonnes of wheat to Yemen, Ethiopia each
Syria earthquakes caused $5.2 billion in damage, 5.5% GDP contraction
Trending Now
IMF raises reservations on petroleum subsidy scheme in Pakistan
Xi, Putin discuss ramping up supplies of Russian gas
California Governor visits Lithium Valley
Czech delegation heads to Taiwan, hopes for chip investments
India to spend $12 billion on airports
Today We Recommend Highlights
Big Fish Games to establish New Orleans talent hub, will hire
Perrigo recalls Gerber Good instant formula in U.S.
Schneider Electric breaks ground on its fifth plant in Hungary, will create hundreds of new jobs
Amazon to lay off 9,000 more employees
Volvo to close Europe bus body plant
Akhona Qengqe to become KFC Africa’s new general manager
Marlabs appoints Usha Jamadagni as chief delivery officer
Rolls-Royce announces new leadership for Africa
AIG director William G. Jurgensen to retire
Ball Corporation promotes Daniel W. Fisher to chairman
BiH records almost seven percent increase of exports
Hong Kong exports decreased
South Korea's export falls 17.4 pct for first 20 days of March
Bundesbank: German economy to contract further in Q1
Euro area international trade in goods deficit €30.6 bn
FedEx Q3 profit decreases
Revlon Q4 sales $589.8 million
Eastman Kodak Q4 revenues $305 million
Williams-Sonoma Q4 revenue declined 0.6%
G-III Apparel Q3 sales increased 14.2%
Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
Illinois counties lead nation for corn and soybean production in 2022
City of Chicago announces Community Growers Program
Türkiye's agricultural sector suffers 1.3 bln loss due to earthquake
Hong Kong suspends import of poultry meat and products from Gribskov Municipality, Denmark
South Korea reports African swine fever case
Consumers less likely to support brands with unconventional spellings
HR practices have both positive and negative effects on employee mental health
CEO education is no guarantee of stock market success
How remote work affects managers
Incoming CEO's political views may drive director departure in firm
SEC charges DXC Technology for misleading non-GAAP disclosures
Investigation leads to takedown of darknet cryptocurrency mixer that processed over $3b of unlawful transactions
Chicago reaches $23.8m settlement agreement with e-cigarette maker Juul Labs
SEC charges Blackbaud for misleading disclosures about ransomware attack that impacted charitable donors
Former Goldman Sachs investment banker sentenced in $2.7b bribery and money laundering scheme
Magazine
Qatar International Food Festival is back
Me Auld Flower food and drink festival coming to Dublin for St Patrick's Day weekend
Ten days of Winter Festival, a time travel back to end of 18th century Norway
Strong Beer Fest in Munich invites visitors to taste potent brews
Food world gathers for Melbourne Food and Wine Festival this March
Ford Puma ST Powershift, most powerful 1.0‑litre EcoBoost engine
Toyota launches new Prius PHEV in Japan
Ariel Atom, serious motor sport or ultimate fun
ABT XNH, camper for those who want to expand their horizons
Lamborghini Invencible and Autentica, farewell to V12
Wool coats, a timeless fashion investment
Venetto bedding, creating a beautiful bedroom space
Bed headboards, sleep like a king
Great rugs for generations responsibly made
Curved sofas, elegant and gentle
Mobile Fidelity UltraDeck turntable, extreme pursuit of highest level of reproduction
Nokia G22, good smartphone you can fix yourself
NAD C 3050 LE amplifier, a classic reinvented
Asus Zenbook S 13 OLED, ultralighta and powerful laptop with OLED display
Dynaudio Confidence means pure performance
WHO accuses China Of withholding data on COVID-19 origins after report about raccoon dogs
Wyoming first U.S. state to outlaw abortion pills
Tanzania launches investigations as strange disease kills 5 people
WHO sees COVID posing similar threat to flu this year
New VEXAS syndrome identified in Portugal
French court orders fishing bans to protect dolphins
Missouri ordered to reduce pollution levels
Brazilian researchers discover terrifying rocks made up of plastic debris
Glacier found near Mars equator
Neolithic farmers reduced lactose in milk