ATCO chief executive sees 'astounding' opportunities in northern defence

The Canadian Press

· Posted: May 14, 2025 3:07 PM EDT | Last Updated: 2 minutes ago

The main enforcement of ATCO Ltd. says determination are "astounding" opportunities successful the defence assemblage arsenic Canada looks to bolster its subject beingness successful the North.

Last month, Ottawa awarded a declaration to a associated task betwixt the Calgary-based company's defence arm, ATCO Frontec, and the Inuvialuit Development Corp. for a caller radar defence strategy successful the Northwest Territories.

The two-year declaration is worthy $48.4 million.

It covers the design, construction, installation and cognition of the Polar Over-the-Horizon Radar system.

ATCO CEO Nancy Southern says the strategy is "very needed successful today's North" and it tin observe targets astatine agelong ranges — hundreds to thousands of kilometres.

Encouraged by national action

Southern told shareholders astatine her company's yearly wide gathering that she's encouraged Prime Minister Mark Carney is taking enactment connected housing, defence and energy.

"As we basal astatine a beauteous captious juncture successful our country's, province's and company's future, and arsenic we navigate done these precise turbulent times, the uncertainty that we've faced successful caller years is apt to persist and perchance intensify," Southern said.

"Trade tensions, proviso chain, inflationary pressures, geopolitical conflict, and the accelerating gait of technological alteration are each converging to make a stubbornly analyzable and unpredictable environment."

ATCO, with immoderate 21,000 employees and a planetary footprint, has subsidiaries successful a divers array of sectors, including defence, modular gathering construction, energy organisation and transmission, and more.