SteelCraft to supply fenders, plates and other steel parts to replenishment program
STRATFORD, Ont.—Another Southwestern Ontario firm has been awarded work on the Canadian military’s light armoured vehicle fleet replenishment program.
SteelCraft, Inc., headquartered in Stratford, Ont., with operations in Cambridge, Waterloo and and Woodstock, Ont., and Edmonton and Innisfail, Alta., has signed a $10.39-million sub-contract to provide fenders, plates and a host of other steel components for the upgrade of some 550 LAVs.
The sub-contract is part of a larger deal awarded to General Dynamics Land Systems Canada in October 2011 to overhaul the fleet of personnel carriers.
General Dynamics was awarded the $1.064-billion deal with a condition the firm re-invest 100 per cent of the contract value in Canadian business.
The deal with SteelCraft was announced the same day General Dynamics Land Systems Canada’s U.S. parent company, General Dynamics, reported a massive fourth-quarter loss to end 2012.
According to the Falls Church, Va.-based defence and aerospace firm, it lost $2.13-billion during the October to December quarter, with revenues falling from $9.15-billion to $8.08-billion.
—With files from The Associated Press