SNC-Lavalin (TSX: SNC) announced today it has been awarded a two-year extension to its existing contract, valued up to $180 million, by the Government of Canada to provide In-Service-Support (ISS) to the Royal Canadian Navy’s minor warships and auxiliary vessels.
The contract awarded to SNC-Lavalin in 2011 was an initial four-year contract that included options to extend the duration of the contract up to another four years. Following two previous one-year extensions in 2014 and 2015, the Government of Canada has now added an additional two-year extension, bringing the contract to September 2019.
Since 2011, SNC-Lavalin has fulfilled, on average, some fourteen thousand work orders annually. Responsible for everything from new designs and repairs, to ship hulls and installing remote-control defence equipment, SNC-Lavalin provides support to 25 different classes of vessels, totalling a fleet of 76, including the Kingston-class, Orca training vessels, tugs, dive, and auxiliary support barges and vessels.
“We have competitively bid on and successfully won three consecutive In-Service-Support contracts for the Royal Canadian Navy,” said Ian L. Edwards, President, Infrastructure, SNC-Lavalin. “Our ship operations and maintenance team offers world-class expertise and they are proud to play a vital role in the ongoing maintenance of the Navy’s minor warships and auxiliary vessels.”
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin’s employees are proud to build what matters. Our teams provide engineering, procurement, construction, completions and commissioning services together with a range of sustaining capital services to clients in four industry sectors: oil and gas, mining and metallurgy, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions. www.snclavalin.com