Chantier Davie Canada will be entitled to a financial guarantee of up to $ 8 million from the Government of Quebec to perform a contract given by the National Defense of Canada.
Managed by Investissement Québec, this bond constitutes the financial guarantee required by Ottawa for this contract, which consists of maintenance work on the frigate. NCSM St-John’s. It is part of a five-year, $ 500 million agreement to maintain three National Defense frigates.
“This contract will consolidate several hundred well-paying jobs, while supporting thousands of suppliers and partners across Quebec and Canada,” the Quebec government said in a press release Monday morning.
For its part, the company in Lévis, near Quebec, was delighted with this support from the province.
“Chantier Davie Canada is proud to partner with the Government of Quebec to ensure the success of the long-term maintenance program for Canada’s Patrol Frigate Fleet. Our shipbuilding industry is now ready to become a pillar of Quebec’s economic recovery and future growth, ”said James Davies, President and CEO of Chantier Davie Canada.