On June 5th 2023, Public Services and Procurement Canada hosted an insightful information session on FFCP – the largest procurement in a generation for the Royal Canadian Air Force.
💰 Under FFCP, Canada is acquiring 88 advanced fighter jets, training and sustainment services in a significant $19B contract. The agreement, finalized on January 2023 with Lockheed Martin, Pratt & Whitney, and the U.S Government, is a pivotal step towards strengthening our national fighter capability and ecosystem.
Key takeaways:
👉 The Economic Benefits Arrangement (EBA) is applicable as opposed to the traditional Industrial and Technological Benefits (ITBs).
👉 EBA is not a contractual obligation.
👉 Canadian industry will secure contracts based on best value propositions.
👉 Economic activity equivalent to the bid value must be completed within 25 years.
👉There are currently 36 active contractors in Canada, each contributing to a diverse range of manufacturing and services. (see the picture below for an overview of Canada’s current industrial participation)
💡 This agreement paves the way for opportunities for small and medium-sized businesses. Moreover, Canadian companies stand to compete for and win global/regional F-35 sustainment opportunities.
If your company seeks to harness this potential, it's imperative to understand how to position yourself effectively within this framework.
ℹ For more information or guidance on competing and winning F-35 sustainment opportunities, feel free to reach out via e-mail or LinkedIn.
e-mail: chris.bassila@hovester.com
💪 Let's seize this opportunity to contribute to a significant chapter in our nation's defence strategy while propelling our businesses towards global recognition.