More Than Ships: Benefits to the Canadian Economy from Shipbuilding

Building ships for the Royal Canadian Navy and the Canadian Coast Guard at Irving Shipbuilding’s Halifax Shipyard will support more than 2,000 direct jobs annually at the shipyard over the next few decades. The positive economic impact of this work is also being felt across Canada in small and medium sized businesses, non-profit organizations, universities, and much more.

Irving Shipbuilding is committed to maximizing Canada content and economic benefits through our construction of the Royal Canadian Navy’s Arctic and offshore Patrol Ships (AOPS). There are three main ways that Canada’s economy benefits from our work:

  • Direct Industrial and Technological Benefits (ITBs):

Work that a Canadian supplier does with us directly related to the AOPS program. Our AOPS contract requires us to achieve at least 50% of Canadian Content Value (CCV) in direct work, recognizing in some instances, we must procure material for the ships internationally.

  • Indirect Industrial and Technological Benefits (ITBs):

Offsetting any work performed outside of Canada by making investments in Canada to ensure that 100% of the value of the AOPS contract is spend here at home. Indirect ITB transactions create opportunities for all Canada industries to benefit from defence procurement, help to grow our economy and make Canada more innovative.

  • Value Proposition:

As part of the National Shipbuilding Strategy, Irving Shipbuilding is committed to investing 0.5% of contract revenues in the areas of workforce development, technology, and commercialization to strengthen Canada’s greater marine industry.

Review More than Ships for an overview of some of our Direct, Indirect, and Value Proposition partnerships.

Visit our Canadian Impact Map and read some of our Stories to learn more about true benefits building ships in Canada is having across the country. 

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