Latest news with #River-class
The Market Online
4 days ago
- Business
- The Market Online
MDA Space secures $60M contract for new Canadian warship sensor systems
MDA Space (TSX:MDA) has been awarded C$60 million in contracts to deliver and integrate two advanced sensor systems for the Royal Canadian Navy's River-class destroyer (RCD) program The contract marks a significant milestone in Canada's National Shipbuilding Strategy, which aims to modernize the federal fleet and bolster the domestic shipbuilding industry Once completed, the RCD fleet can significantly enhance the Royal Canadian Navy's operational capabilities, supporting a wide range of critical missions both at home and abroad MDA Space stock (TSX:MDA) last traded at C$32.15 MDA Space (TSX:MDA) has been awarded C$60 million in contracts to deliver and integrate two advanced sensor systems for the Royal Canadian Navy's River-class destroyer (RCD) program. These systems are designed to enhance situational awareness and defend against laser and optically guided threats aboard the first three ships of the fleet. The contract marks a notable milestone in Canada's national shipbuilding strategy, which aims to modernize the federal fleet and bolster the domestic shipbuilding industry. The sensors will be developed across MDA Space's Canadian facilities in Richmond, British Columbia; Halifax, Nova Scotia; 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,' Mike Greenley, CEO of MDA Space said in a news release. '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.' The River-class destroyers, being constructed by Irving Shipbuilding Inc. at the Halifax Shipyard, are envisioned as multi-mission combat vessels equipped with cutting-edge technologies. Lockheed Martin Canada is leading the combat management system design and integration, working alongside a team that includes MDA Space, CAE, L3 Harris, Ultra, and BAE. Once completed, the RCD fleet can significantly enhance the Royal Canadian Navy's operational capabilities, supporting a wide range of critical missions both at home and abroad. MDA Space Ltd. is a partner to the global space industry specializing in robotics, satellite systems and geointelligence. The company brings over 55 years of experience across more than 450 missions, including the development of the Canadarm robotic arm system. MDA Space stock (TSX:MDA) last traded at C$32.15 and has risen 166 per cent since this time last year. Join the discussion: Find out what everybody's saying about this space and defense technology on the MDA Space Ltd. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Associated Press
17-03-2025
- Business
- Associated Press
Ultra Maritime Awarded CA$89 Million Contract for Surface Ship Torpedo Defense for the River-Class Destroyer Program
DARTMOUTH, NS, March 17, 2025 /PRNewswire/ -- Ultra Maritime received a CA$89 million contract from Lockheed Martin Canada, Inc. to supply three shipsets of Surface Ship Torpedo Defense (SSTD) for the River-class destroyer (RCD) program. SSTD provides a proven world class full 'sense to effect' torpedo defense capability in-service across the globe, relied upon by many navies to keep their ships and crews safe from the torpedo threat. The combination of a single in-line tow and automatic threat alerting provides unparalleled performance within a small ship footprint, maintaining a high probability of detection coupled with low false alarm rate whilst minimizing overall operator workload. Ultra Maritime has more than 20 years of experience in this domain and is the trusted partner and world leader in providing torpedo defense solutions and countermeasures for both surface ships and submarines. With torpedo defense systems deployed and supported globally, including more than 30,000 expendable countermeasures, Ultra Maritime is uniquely positioned to bring integrated torpedo defense to the world's navies. Integrated torpedo defense greatly enhances the protection of our navies through integrating expendable countermeasures, towed countermeasures and threat detection sensors to provide overall situational awareness and shorten the kill chain against torpedo threats. Ultra Maritime continues to invest to improve this capability and are proud to partner with Lockheed Martin Canada and the Canadian Department of National Defense (DND) to provide SSTD to the Royal Canadian Navy River-class. 'Having previously secured a three shipset production order to supply Hull Mounted Sonars (HMS) for the RCD program, as well as supplying twelve UWSU towed arrays into the Halifax-class, Ultra Maritime is pleased to play a pivotal role in delivering state-of-the-art Anti-Submarine Warfare (ASW) capabilities to the Royal Canadian Navy,' said John Gallagher, Vice President and General Manager of Ultra Maritime Canada. 'We are fully committed in our partnership with Lockheed Martin Canada, our Canadian workforce and suppliers. More importantly, we are proud to serve the Royal Canadian Navy and take great pride in providing our life-saving capabilities.' Steve Rogers, Senior Director of RCD Programs at Ultra Maritime, commented, 'This is excellent news for the team as we move into 2025. We are well placed to execute the SSTD program utilizing expertise across our global Ultra Maritime lines of business, led by the team here in Dartmouth.' The RCD program and Innovation, Science and Economic Development Canada's (ISED) Industrial Technological Benefits (ITB) policy have played a pivotal role for Ultra Maritime to establish an ASW Center of Excellence in Dartmouth, Nova Scotia. It is a prime example of fostering economic growth and technological innovation in Canada. Ultra Maritime has made more than $20 million in capital investments that have created more than 150 high-value manufacturing jobs and supported a vast network of suppliers, including numerous small and medium-sized businesses. About Ultra Maritime Ultra Maritime provides innovative multi-missions solutions for surface, sub-surface and unmanned platforms that protect and empower allied naval forces worldwide. Headquartered in Braintree, Massachusetts, Ultra Maritime employs more than 2,300 engineers and manufacturing experts worldwide, specializing in state-of-the-art sonar systems, radar, expendables, signature management and naval power systems. With major locations in the U.S., Canada, UK and Australia, Ultra Maritime is primed to support customers' maritime missions around the globe.
Yahoo
08-03-2025
- Politics
- Yahoo
Ottawa inks initial contract for new River-class destroyers with Irving
OTTAWA — The federal Liberal government signed an initial deal with Irving Shipbuilding for the Royal Canadian Navy's new River-class destroyers. The implementation contract is worth $8 billion for the first six years and only covers part of the tab for the first three ships -- which will eventually cost $22.2 billion. Vice-Admiral Angus Topshee hailed it as a major step forward for the project meant to replace the Navy's aging destroyers. The news comes amid a flurry of news from Ottawa on procurement and appointments, and lands while Parliament is currently on pause while the Liberal party selects its next leader. The party chooses its replacement for Prime Minister Justin Trudeau on Sunday amid speculation of an expected early election call sometime after the new leader is sworn in. A new government would have most likely compounded existing delays to the contract, and Defence Minister Bill Blair had previously said he planned to have the contract signed by the end of last year. This report by The Canadian Press was first published March 8, 2025. Kyle Duggan, The Canadian Press
