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The ten largest Canadian-based military contractors together generated more than $3.5-billion in sales during 2002. The Department of National Defence and the U.S. Pentagon were the largest customers, but the companies and their subsidiaries were successful in other markets, too.
1. The March 2003 purchase of General Motors Defense by the U.S. corporate giant General Dynamics again confirmed GM Defense as Canada's largest military contractor. A General Dynamics release at the time of the sale revealed that GM Defense had revenues of $1.4billion for 2002. During 2002 GM Defense shipped armoured vehicles from London, Ontario to the Department of National Defence, Australia, Saudi Arabia, and the U.S.
2. CAE Inc., of Montreal remained the largest Canadian-owned military contractor in 2002. It is one of the 100 largest military industries worldwide. The company reported sales or deliveries of Canadianbuilt military simulators and naval monitoring systems to the armed forces of Canada, the U.S., the U.K., Germany, France, Greece, Finland, Malaysia, Oman, and South Korea.
3. Bombardier Inc., another Canadian-owned company with headquarters in Montreal, retained...