MDA SPACE AWARDED $60 MILLION FOR NEXT PHASE OF RIVER-CLASS DESTROYER
BRAMPTON, ON, June 24, 2025 /CNW/ - MDA Space Ltd. (TSX: MDA) today announced that it has been awarded next phase contracts for the delivery and integration of two critical sensor systems for the River-class Destroyer (RCD) program. The contracts, valued at $60 million, are for the delivery and integration of sensor systems for the first three ships that improve situational awareness and protect the ships against laser and optical guided threats.
Once delivered, the RCD fleet will provide advanced and multi-mission combat ships, equipped with next generation capabilities to support and protect the men and women of the Royal Canadian Navy as they fulfill their wide range of critical missions. The MDA Space sensors are being designed and developed in Richmond, B.C., Halifax, N.S. and Brampton, Ontario.
"As a headquartered Canadian company and a long-term trusted mission partner to Canada's Department of National Defence, MDA Space is proud to work with Canada's world-leading defence industrial base to deliver next generation naval sensors for the River-class Destroyer program," said Mike Greenley, CEO of MDA Space. "We value our role in helping to deliver this important fleet and capability to the Royal Canadian Navy and look forward to seeing these ships launched and operationalized in the years ahead."
Irving Shipbuilding Inc. will build the new River-class Destroyers at Halifax Shipyard as part of the National Shipbuilding Strategy, the Government of Canada's long-term strategy to renew the federal fleet and reinvigorate the shipbuilding sector vital to Canadian sovereignty. Lockheed Martin Canada is leading the combat management system design and integration team which includes MDA Space, CAE, L3 Harris, Ultra, BAE and others.
ABOUT MDA SPACE
Building the space between proven and possible, MDA Space (TSX:MDA) is a trusted mission partner to the global space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The MDA Space team of more than 3,400 space experts in Canada, the US and the UK has the knowledge and know-how to turn an audacious customer vision into an achievable mission – bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that's been in our DNA since day one. For those who dream big and push boundaries on the ground and in the stars to change the world for the better, we'll take you there. For more information, visit www.mda.space.
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Time Magazine
6 hours ago
- Time Magazine
Breakdown in Trade Talks Between U.S. and Canada, Explained
Negotiations between the U.S. and Canada have broken down, with President Donald Trump announcing that he is 'terminating' all trade discussions with his northern neighbor. 'We are hereby terminating ALL discussions on trade with Canada, effective immediately,' Trump said on Friday. 'We will let Canada know the tariff that they will be paying to do business with the United States of America within the next seven-day period.' Trump's retreat from negotiations follows a long-standing back-and-forth between the two countries on trade, which kickstarted when Trump implemented the application of an additional 25% tariff on imports from Canada in February. ( Energy resources from Canada received a lower 10% tariff.) With tensions now reaching a high, spurred on by Trump threatening more tariffs on Canada, parties in both countries have voiced concern over where things currently stand. What led to the breakdown in negotiations of trade between the U.S. and Canada? Trump called Canada 'a very difficult country to trade with,' blaming the breakdown in progress on Canada's Digital Services Tax [DST], a levy on tech revenues generated from Canadian users, which is set to go into effect on Monday, June 30. Trump called the 3% digital services tax 'a direct and blatant attack' on the U.S. The Trump Administration has urged Canada to pause or eliminate the tax, which applies to any tech company making more than $15 million from Canadian internet users. In his social media post, Trump said the U.S. had 'just been informed' of the tax. The plan has, in fact, been in place since last year, but the first payments are only due to begin on June 30. The bill works retroactively, so large tech companies such as Apple, Google, and Meta stand to be hit with large payments. 'Here's the irony. 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Trump also once again repeated his belief that 'Canada should be the 51st state.' Read More: Does Trump Still Plan to Annex Canada and Make It the 51st State? Meanwhile, U.S. Treasury Secretary Scott Bessent said on Friday that though the Trump Administration knew of the Digital Service Tax, they had hoped that Canadian Prime Minister Mark Carney's new Administration would, 'as a sign of good will,' pause it. 'We think it's badly unfair to do it retroactively,' Bessent said, stating that U.S. Trade Ambassador Jamieson Greer is likely going to open a 301 investigation on the tax, which would allow the U.S. Trade Representative (USTR) to investigate any potential harm on U.S. businesses. Colin Robertson, a former Canadian diplomat and current fellow at the Canadian Global Affairs Institute, says that Trump has 'thrown a grenade into the negotiations," but hope for a deal is far from lost. 'I look at this as part of the negotiating process. Trump is unpredictable, but my guess is that there are those in the U.S. who would like to see an agreement with Canada,' he says. 'I think that the interests on both sides are such that an agreement is possible and desirable—certainly [from] the Canadian side, but for the American side, also. I think they want to be able to show the rest of the world you can make a deal with your closest neighbor and ally. And if you can't do it with Canada, who can you do it with?' This is not dissimilar to how Trump does business, as he prioritizes gaining 'as much leverage as he can' before making a deal, Robertson argues. Mohs agrees, stating that this is all 'a negotiation tool, nothing more, nothing less.' How has Canada responded? In a brief exchange with reporters on Friday, Carney addressed questions about the breakdown in talks. 'We will continue to conduct these complex negotiations in the best interest of Canadians," he said, firmly. The Canadian government also retaliated later on Friday, placing a steel quota on some imports, with a hefty 50% tariff on products that exceed that quota. The measure went into effect immediately, and is set to be reviewed in 30 days. 'This temporary trade measure will help stabilize the Canadian steel market by addressing the risk that steel originally destined for the United States is redirected to Canada,' stated the government's press release on the measure. 'The combination of tariffs imposed by the U.S. on all steel imports and global overcapacity, caused by non-market practices, has led many exporters to seek new markets.' Robertson sees this move as 'consistent' with what Canada has promised in the past. 'I think that all fits into [how] we had promised we would take action when Trump doubled the tariff from 25% to 50%,' he says, arguing that Canada, as 'the biggest steel exporter to the U.S.,' will likely lift these measures if they can get back to a trade agreement. At the G7 summit in Kananaskis, Alberta, Canada on June 16, Carney had said that he and Trump were working towards finding a trade deal within 30 days, something Trump had agreed was 'achievable.' But the subsequent blow to their relations puts any deal on shaky ground. Goldy Hyder, CEO of Business Council of Canada, said that this back-and-forth has only escalated the uncertainty that businesses are struggling with. While change is happening on the geopolitical and economic scale, Hyder pointed out, geography never will change, and these neighboring countries need to find a way out of these stalled negotiations. '[Canadian] businesses are intertwined not just with the U.S., but also with Mexico. We have smart people, we have a lot of natural resources,' Hyder told Canada's CTV News. 'We've grown an economy that's working and can continue to grow, but it's challenging because business, of course, likes predictability and certainty, and it doesn't have a nationality that it's attached to.' Sharing a message to the governments of both the U.S. and Canada, Hyder urged: "Let's not get in our own way here." But some experts remain divided on whether or not Canada should pause the tax in order to appease Trump. Julian Karaguesian, a former adviser to Canada's Ministry of Finance, told CTV that Canada's Prime Minister and Finance Minister had 'different means' to 'delay the implementation' of the tax. 'It leads me to think that this was a tactic by Prime Minister Carney—putting a card on the table because, as President Trump said, [the U.S.] has more cards than we do, but we have some,' Karaguesian argued, pointing to Canada as a major energy producer with reserves of oil and gas. Karaguesian said Canada, as a 'natural resource superpower,' could, if backed into a corner, utilize this, and also build out other existing trade relationships with India, China, and beyond. 'It's not much at all,' Karaguesian said of the amount of money Canada might gain from the tax, emphasizing that the charge is not a tariff. 'The tax is part of our domestic policy, and every sovereign nation has a right to pursue domestic policies.' There's mounting tension on both sides, says Mohs, but "when it comes to business, a trade war is not going to work well for either Canada or the U.S.'
Yahoo
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We're 68 and just retired, but instead of downsizing like our friends, we want to upsize. Are we crazy?
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Hamilton Spectator
14 hours ago
- Hamilton Spectator
For Mark Carney, every decision has trade-offs — but that's not slowing him down
OTTAWA—If there is a Carney 'doctrine' taking shape more than 100 days into the prime ministership of Mark Carney, maybe it is this: get it done, and damn the details. A few short months ago, Carney was blunt: 'I am a pragmatist above all. So when I see something that's not working, I will change it.' That's what the former central banker and UN climate finance envoy said when he captured the Liberal party leadership to replace Justin Trudeau. He went on to win the 2025 federal election on his outsider's pitch to rescue the economy from the threat of Donald Trump's tariff war. Pragmatism was how he justified abrupt domestic moves: ditching the consumer carbon tax, reversing capital gains tax hikes, and lowering income taxes while jamming 'nation-building' red-tape-cutting bills through Parliament to juice the economy. Pragmatism helps explain why, in his single mandate letter to cabinet ministers, Carney told them, 'We must redefine Canada's international, commercial, and security relationships.' But in an era where Trump is the one defining Canada's closest relationship, it's not clear if Carney's pragmatism can win over the U.S. president's chaos. On Friday, the unpredictable Trump cancelled talks towards a new deal with Canada, angry at Canada's deadline Monday for Big Tech giants to pay a digital services tax. Retroactive to 2022, it would collect $2.3 billion at first, and about $900 million yearly after that. Small potatoes compared to what Carney has already put on Canada's tab. In hopes of getting along with Trump, Carney in the past week promised to ramp up Canada's spending, along with NATO allies — all under intense pressure from the U.S. president — to a whopping $150 billion a year on military and related spending, a level almost unthinkable last year, as he vows to shift Canadian economic and security ties away from America towards Europe and beyond. In a spate of a few weeks, Carney signed what he calls a new economic, security and defence partnership with the European Union, increased aid to Ukraine, hosted a G7 summit where he offered backing of Trump's leadership efforts to end the Russia-Ukraine war and left a wide open runway for Trump to handle the Iran-Israel conflict as he saw fit. Carney defended his vow to lead where the U.S. does not, telling CNN it should be seen as a 'positive' not a negative reaction 'against' the U.S. or Trump. 'The way we would like to lead, the way European Union would like to lead, a number of Asian countries as well, is in a positive respect. If the U.S. is pulling back from multilateralism, as it is with respect to trade … effectively U.S. trade policy is now bilateral — if the U.S. is pulling back, there are others of us who do believe in multilateralism,' the rule of law, 'fair and open' trade, and in defence co-operation, said Carney. 'Do something,' seems to be the Carney mantra, said Kerry Buck, a former Canadian ambassador to NATO who welcomed the prime minister's commitment hit the new NATO military spending goal of five per cent of GDP. Although Justin Trudeau eventually committed to reaching the old NATO two per cent target at the end of last year's summit, he did so without a clear plan and with a 2032 timeline that was 'clearly going to damage our bilateral relations with the U.S. under Trump, where we're very vulnerable on trade,' said Buck, speaking before Trump's move Friday. In contrast, two weeks ahead of this week's NATO summit Carney accelerated action, said he'd hit two per cent this year, and at the summit adopted the bigger five per cent goal by 2035 with no hesitation. ' It was smart transactionally to do that. And I think in terms of content, it was also necessary,' Buck said. Others wonder how Carney is going to pay for it all. Questions remain about how the government will reach its two per cent promise this year, with the independent Parliamentary Budget Officer saying it can't verify Carney's plan to hit the old target. 'Some might start to think that he has a guns-before-butter kind of approach to foreign policy … a muscular foreign policy focused on defence,' but Buck said Carney had no choice, given it was 'our most vulnerable point' with the U.S. in ongoing trade talks. Forget the 'peace dividend' that Canada and other western allies hailed at the end of the Cold War, welcoming the ability to spend less on the military and more on social welfare systems. Now Carney and the other leaders challenged by Trump are embracing what NATO Secretary General Mark Rutte called a 'defence dividend,' claiming that spending five per cent of GDP on defence will create 'an engine of growth for our economies, driving literally millions of jobs on both sides of the Atlantic.' Carney echoed the claim, acknowledging higher military spending may one day entail federal spending trade-offs or sacrifices, but for now, 'more of it will help build our economy at the same time as it improves our defence. And we'll get the benefits.' There is more continuity than many think between Trudeau and Carney: Carney continued the imposition of counter-tariffs against the U.S. that Trudeau launched. But he has withheld tit-for-tat retaliation against the 50 per cent steel and aluminum penalties Trump levied pending the outcome of trade talks. Carney has continued Trudeau's staunch support for Ukraine and its embattled president Volodymyr Zelenskyy. Carney backs a two-state solution to the Israel-Palestine conflict, a ceasefire in Gaza, and went so far as to sanction two Israeli cabinet ministers. Like Trudeau, Carney believes government has a role and responsibility to address climate change. That Carney has moved swiftly on foreign and defence files is partly due to the flow of the international summits that coincided with his first two months after winning the April 28 election. It's also due to the urgency of the threat posed by the 'tariff' president in the White House. Carney, though, has a view of the larger global economic imbalances and the roles of China and the U.S. in those imbalances, that he shares with leaders like France's President Emmanuel Macron, and as they try to persuade Trump to drop tariffs, Carney seeks to position Canada's critical mineral, AI and quantum computing sectors for a world in which those imbalances continue. Janice Gross Stein said it is too early to describe a Carney 'doctrine' but it's clear 'the fundamental thing for him is that he, like everyone, is defining a path to dealing with a very different United States.' Carney is of necessity pursuing a new more predictable economic and security deal with the U.S. at a time of crisis , 'but it's an eyes-open arrangement,' Stein said. 'Yes, we need to diversify our partnerships — that's not a new idea in Canadian foreign policy … and yes,' Carney is focusing especially on Europe and like-minded states, and NATO, 'but that's built in to dealing with the more demanding United States.' Stein sees a pragmatic streak too in Carney's overtures to countries like China, India and Saudi Arabia. Carney identified China as the biggest threat to Canada's national security during the federal election. But in office, he's taken steps to thaw relations and ease Beijing's penalties on Canadian agricultural products. At the same time he is moving to block Chinese steel dumping via higher tariff rates against transshipment countries — in line with U.S. concerns. He rolled out a G7 welcome mat to India's Narendra Modi as a criminal investigation struggles to probe India's role in the killing of a Canadian Sikh in Surrey. And Carney invited Saudi Arabia Crown prince Mohamed bin Salman, the kingdom's de facto ruler, who declined to attend, in a week where the Saudi regime executed a journalist. Those three countries, China, India and Saudi Arabia are key economic players that are ignored at Canada's peril, said Stein. 'Where he's a pragmatist is in the recognition that every decision has trade-offs. You cannot make it a high priority to diversify your partnerships when you are the smaller next-door neighbour to a country that you are sending 75 per cent of your exports to and buying 75 per cent of everything that you buy in defence from that one country, which is the United States, and then continue to exclude others in the international community.' In parallel, said Stein, Carney is acting to ensure that Canada's economy is 'fit for purpose.' The bill to fast-track 'nation-building' development projects is part of that effort, as is his move to do 'important' consultation with Indigenous groups, but done simultaneously with other reviews, 'not sequentially,' she said. Carney is 'connecting defence, foreign policy to the Canadian economy because that's his comfort zone,' said Margaret McCuaig-Johnston, a senior fellow in the Graduate School of Public and International Affairs at the University of Ottawa. But she worries the emphasis on 'pragmatic' sends the wrong signal to countries like China, India or Saudi Arabia which will interpret it to mean Canada is ready to overlook human rights concerns in favour of doing business. Jonathan Berkshire Miller, director of foreign affairs, national defence and security policy at the Macdonald-Laurier Institute, said Carney is necessarily focused on 'two imperatives: mending the relationship with the United States and diversification from it.' And while Carney's experience gives him credibility in Washington 'where he is well known among economic and diplomatic elites,' Trump's second term makes traditional diplomatic approaches 'increasingly unrealistic,' he said. There is an inevitable geographic and economic reality, he said in a written response to the Star. 'America remains Canada's largest trading partner.' So rather than a drastic shift or severing of ties, he said, 'Expect, instead, a policy of pragmatic hedging: building multilateral ties while trying to be on balanced terms' with who is in the White House. For now, Carney may have some latitude, he believes. Increased defence spending can bring Canada greater strategic autonomy on Arctic sovereignty, cybersecurity and intelligence sharing. The narrow question is 'one of political will' where the requirements for sustained federal spending 'and public support' will be the big test, he said, particularly in an era where 'fiscal retrenchment' (Carney has vowed to bring the operating budget into balance) and 'domestic political division are the contemporary realities.' The broader question is whether Carney's pragmatic approach can secure both.
