- General Dynamics (NYSE:GD) warns Canada's government would incur “billions of dollars of liability” by unilaterally scrapping a deal of armored vehicles to Saudi Arabia, after Prime Minister Trudeau said for the first time that he was looking for a way out of the deal.
- “Were Canada to unilaterally terminate the contract, Canada would incur billions of dollars of liability to General Dynamics Land Systems-Canada,” the company says.
- Abandoning the deal could kill thousands of jobs in the struggling city of London, Ontario, where Trudeau's Liberal Party will need to do well in a federal election next October.
General Dynamics says canceling Saudi arms deal would cost Canada billions
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