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Toronto Star: 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.
The October murder of journalist Jamal Khashoggi after he entered a Saudi consulate in Turkey has sparked international condemnation against Riyadh.
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Previous Post: Canadian Prime Minister Trudeau Is Looking For A Way Out Of Saudi Arms Deal (December 17, 2018)
WNU Editor: It will not only cost billions in penalties, but thousands of workers who are well paid will be laid-off in a region that the governing Liberal Party needs to win in the next Federal election. My prediction .... this deal is not going to be cancelled.
More News On Reports That Cancelling An Arms Deal With Saudi Arabia Will Cost Canada Billions In Penalties
General Dynamics warns Canada: Canceling Saudi deal would cost billions -- Reuters
General Dynamics Warns Trudeau Over Exit Penalties in Saudi Deal -- Bloomberg
General Dynamics warns Canada of huge liability if it cancels Saudi deal -- CNBC
General Dynamics Warns Canada Scrapping Saudi Arms Deal Would Cost Billions -- Sputnik
