Market Overview

Government of Canada Takes Delivery of First Upgraded Light Armoured Vehicle III

LONDON, ONTARIO--(Marketwire - Jan. 24, 2013) - The Honourable Bernard Valcourt, Associate Minister of National Defence, Minister of State (Atlantic Canada Opportunities Agency) (La Francophonie) and Member of Parliament for Madawaska-Restigouche, today was on hand to announce the delivery of Canada's first upgraded Light Armoured Vehicle III.

"Our Government's investments in renewing and modernizing the Canadian Armed Forces' capabilities on land, sea and air are creating thousands of high-quality, skilled jobs all across the country" said Minister Valcourt. "At the same time, we are delivering on our promise to build a first-class, modern military that is ready to take on the challenges of the 21st Century. Today's announcement is welcome news for the Canadian Armed Forces."

Canada's fleet of Light Armoured Vehicle III's has recently served the Canadian Armed Forces in Afghanistan and other areas of operation. With the upgrades, they will be state-of-the-art combat vehicles that will be used to transport infantry on the battlefield while providing defensive protection and firepower.

"This announcement is great news for our Canadian Armed Forces, for Canadian workers, and for our economy," said the Honourable Rona Ambrose, Minister of Public Works and Government Services and Minister for Status of Women. "Our Government remains committed to providing our men and women in uniform with the equipment they need to do their jobs while respecting Canadian taxpayers' hard earned dollars."

The Light Armoured Vehicle III Upgrade Project is one of four Family of Land Combat Vehicles projects announced in July 2009 that aims to capitalize on both existing and evolving technology and improving the protection, mobility and lethality of the Light Armoured Vehicle III fleet. The upgrade project is modernizing a portion of the existing Light Armoured Vehicle III fleet to ensure that it remains a highly protected and operationally mobile combat vehicle and the backbone of domestic and expeditionary task forces.

In October 2011, a contract was awarded to General Dynamic Land Systems - Canada for the implementation phase of the Light Armoured Vehicle III Upgrade Project at a value of $1.064 billion (taxes included) to deliver 550 upgraded Light Armoured Vehicles III. In November 2012, the contract was amended to exercise the option to upgrade 66 additional Light Armoured Vehicles III at a value of $151 million (taxes included). The Government of Canada intends to use this additional delivery of 66 Light Armoured Vehicles III to support the Canadian Armed Forces' reconnaissance and surveillance capability.

The Industrial and Regional Benefits policy applies to this contract and requires that 100 per cent of the contract value is re-invested in business activities in the Canadian economy, further expanding the economic benefits of this procurement in regions across the country. As a result of this significant defence procurement, over 500 subcontract awards from General Dynamics Land Systems - Canada have been award to Canadian suppliers located in every province of the country.

"The on-schedule delivery of the first upgraded LAV III is an important event for our company," said Danny Deep, vice president of General Dynamics Land Systems - Canada. "The upgrades we have incorporated on the LAV III will significantly enhance the vehicle's survivability, operational capability and long-term performance. With our Canadian design, manufacturing and supplier base, we are proud to say that the best armoured vehicles in the world are made in Canada."

Note to editor/news director: A backgrounder is available at the following link: http://www.forces.gc.ca/site/news-nouvelles/news-nouvelles-eng.asp?id=3037

FOR FURTHER INFORMATION PLEASE CONTACT:
Andrea Richer
Office of the Honourable Bernard Valcourt, P.C., M.P.
(613) 996-3100


Information: 1-866-377-0811/ (613) 996-2353
www.forces.gc.ca

 

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