General Dynamics says cancelling Saudi Arabian contract would cost billions
OTTAWA — The Ontario-based company that is selling $15-billion worth of armoured vehicles to Saudi Arabia is warning the Liberal government that cancelling the deal will it cost billions of dollars in penalties.
General Dynamics Land Systems-Canada said in a statement Monday that cancelling the contract would also hurt its workforce.
The statement comes as the federal government is reviewing the controversial contract.
Canada is reviewing all arms sales to Saudi Arabia and won’t issue any new export permits until the review is complete.