Irving Shipyard won the $25-billion contract to build the navy's next fleet of warships, a moment that meant secure jobs in a province of Nova Scotia where work can be hard to find.
The deal is the biggest chunk of a $33-billion federal shipbuilding program. Vancouver-based Seaspan Marine Corp. picked up $8 billion in contracts for non-combat ships. Another $2 billion for smaller vessels is to be allocated later to another shipyard yet to be chosen.
A study by the Conference Board of Canada said the combat ship contract would create 11,500 additional jobs in Nova Scotia during the peak of construction in 2020.
A second study by Jupia Consultants said the average personal income in the province would increase by $447 annually, helping residents buy an additional 750 new cars each year and 420 houses.
Both studies said spinoffs would be shared across the province, the region and the country.