MARKHAM, Ontario--(BUSINESS WIRE)--Canada's leading defence and military magazine, CANADIAN DEFENCE REVIEW, has released its annual survey and ranking of defence companies in Canada.
Thales Canada, which is active in avionics, transportation and defence systems, has been ranked # 1 in CDR’s survey of Canada’s Top Defence Companies for 2015.
It is the eleventh year for CDR’s survey of Canada’s Top Defence Companies and in announcing this year’s rankings, CDR Publisher and Editor-in-Chief, Peter Kitchen commented, “With the selection of Thales Canada as this year’s # 1 company we are recognizing Thales’ dedication to developing home-grown technologies and to investing in Canada and its people. Thales Canada has been in this country for over 40 years and has steadily grown over that span of time but while its parent company has been ranked the 11th largest defence company in the world, Thales Canada is much more than a sales operation for the mother company.”
Kitchen went on to explain, “For example, Thales Canada has developed home-grown solutions to supply the army, navy and air force with Canadian solutions for LCSS, NSPS, TAPV, and CP140.”
In responding to the announcement of the #1 ranking, Mark Halinaty, Thales Canada President and CEO commented, “CDR’s selection of Thales as Canada’s Top Defence Company is important validation of our commitment and vision of driving Canadian growth, innovation and leadership in defence and security and other sectors. We are honoured by CDR’s recognition of this today”.
Seven new companies were added to this year’s Top 50 list indicating that Canada’s defence industry is vibrant and growing.
As in past years, 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, corporate integrity and support of Canada’s military. With the Top 50 Defence Company’s Survey and Ranking, CDR’s goal is to shine the spotlight on Canada’s defence industry and all that it has to offer.
A detailed profile on Thales Canada as well as the complete Top 50 Defence Companies survey can be found in CDR’s April edition. The rankings are also available on the CDR website: www.CanadianDefenceReview.com
