May 24, 2019 SOURCE: © CTO Data Services Co.
LOCKHEED MAKES ITB OBLIGATION INVESTMENT IN CANADA
Lockheed Martin has invested $4m in Canadian biofuels company Forge Hydrocarbons Corporation, an SME, under the country’s Industrial and Technological Benefits (ITB) policy. The investment supports the company’s $1.4bn of ITB obligations associated with Canada’s purchase of seventeen CC-130J Super Hercules aircraft. Fifteen percent of the obligation value must go...
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