TORONTO, March 24 /CNW/ - Canada's leading defence and military journal,
Canadian Defence Review, has released its annual survey and ranking of defence
companies in Canada. General Dynamics Land Systems Canada, based in London,
Ontario, was ranked number one in the CDR survey for 2008.
In announcing this year's rankings, CDR Editor-in-Chief, Peter Kitchen,
stated, "GDLS Canada, the number one ranked defence company in our survey this
year, is an excellent example of what is right about our industry. GDLS-C is a
leader in its field (military vehicles), it is a major contributor to its
local economy, employing 1800 people, it supplies the Canadian Forces with
critical military vehicles to keep soldiers safe as they conduct their mission
in Afghanistan and with over 85% of its business export, the company is a
positive contributor to the nation's balance of trade."
And, the GDLS-C example is typical of many other 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.
Last year's number one ranked company was General Dynamics Canada, a
sister company to General Dynamics Land Systems and part of the same giant
General Dynamics Corporation headquartered in Falls Church, Virginia with
annual sales of $27 billion in 2007.
The annual survey of Canada's top defence companies has been so popular
and the industry so strong, say the publishers, that this year it has doubled
its coverage from 20 companies last year to 40 in this year's survey.
The complete Top 40 Defence Companies rankings can be found on the CDR
For further information:
For further information: Peter A. Kitchen, Telephone: (905) 472-2801