Davie shipyard stays afloat
An 11th hour deal to save the Davie shipyard in Lévis has succeeded, just in time to compete for lucrative federal contracts worth billions of dollars. The Upper Lakes is the new owner of the shipyard, in partnership with Daewoo, SNC Lavalin and Raytheon. Glenn Wanamaker spoke with John Dewar, vice-president of Upper Lakes, about what's to come.
The deal is a relief for Gustav Johan Nydal, the soon-to-be outgoing president and CEO of the Davie shipyard, He speaks with Ainslie about how the deal unfolded.
Clément Gignac is the economic development minister for Quebec. He explains why the province is investing in the yard and the shipbuilding industry, despite the risks and stakes involved.