A growing aerospace company with an Ottawa presence has received a $50-million contract extension to provide engineering support and equipment to Canada’s fleet of CF-18 fighter jets.
Peraton Canada announced the contract extension Tuesday. The firm provides logistics support to various systems on CF-18s as part of a long-term contract with the Department of National Defence and the Canadian Armed Forces that is valued at nearly $400 million.
“We look forward to continuing this valuable partnership and delivering the highest standards in maximizing fleet availability in support of Canada’s mission,” Greg Nelson, acting director of Peraton Canada, said in a statement.
Peraton was established in 2017 when multinational defence contractor Harris (which later merged with L3 Technologies to form L3Harris Technologies) sold its Harris Corporation Government Services business to Veritas Capital. Veritas then changed the company's name to Peraton.
With more than 22,000 employees and annual revenues exceeding US$7 billion, the Virginia-based firm is quickly making its own mark in the aerospace realm.
Peraton has partnered with government agencies such as NASA and DND to provide supply chain management, engineering solutions and maintenance and repair services on a range of projects in the space, defence, cybersecurity and communications fields.
The company is involved in a number of high-profile projects in this country, including an effort to commercialize advanced drone systems as well as bids from Boeing and Saab to replace the Royal Canadian Air Force’s aging fleet of CF-18s – a contract with a total value of nearly $20 billion.
Most of the firm’s Canadian operations are in Calgary. In 2019, the company opened a business development branch in downtown Ottawa.