TORONTO, May 3 /CNW/ - Canada's leading defence and military journal, Canadian Defence Review, has released its annual survey and ranking of defence companies in Canada. Raytheon Canada, with operations in Waterloo and Midland, Ontario as well as Calgary, Alberta, was ranked number one in the CDR survey for 2010.
In announcing this year's rankings, CDR Editor-in-Chief, Peter Kitchen, stated, "Raytheon Canada has been an important supporter of Canada's military for many years, supplying sophisticated equipment like the Phalanx weapon system for the navy, Excalibur smart bomb for the army and its plants in Canada have been an important contributor to the local economies.
In commenting on Raytheon Canada's selection as the No. 1 defence company for 2010, Denny Roberts, Raytheon Canada Limited Country Manager said, "It is truly an honour to receive this recognition. Raytheon Canada has been a key Canadian defence supplier for more than 50 years. We take our responsibility to the men and women of our nation's armed forces and our allies very seriously, and it's gratifying to be recognized for our efforts."
But, Raytheon Canada is only one example of the many innovative aerospace and defence companies in Canada which are part of a strong, vibrant and growing industry.
An evaluation panel consisting of CDR editorial staff and independent advisors ranked the companies based on factors such as economic impact, innovation, contribution to the nation's security et al. The ranked companies must meet certain requirements, including having manufacturing, R&D or service operations in Canada, to be included in the ranking.
There were a record number 11 new entries in the CDR Top 40 for 2010.
The complete Top 40 Defence Companies ranking can be found on the CDR website: www.CanadianDefenceReview.com
SOURCE CANADIAN DEFENCE REVIEW
For further information: For further information: Peter A. Kitchen, Telephone: (905) 472-2801