Connect with us

Business News

General Dynamics warns Canada of huge liability if it cancels Saudi deal



Canada’s Prime Minister Justin Trudeau holds a news conference on the final day of the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. REUTERS/Martin Acosta

OTTAWA (Reuters) – The Canadian arm of General Dynamics Corp (GD.N) warned Ottawa on Monday the federal government would incur “billions of dollars of liability” by unilaterally scrapping an agreement to sell armored vehicles to Saudi Arabia.

The firm made the comment in a statement issued shortly after Canadian Prime Minister Justin Trudeau said for the first time that his Liberal government was looking for a way out of the deal.

Reporting by David Ljunggren; Editing by Peter Cooney