Partnership between ATCO
Frontec and Pan Arctic Inuit Logistics Corporation secures contract
valued at $592M
CALGARY, AB, Feb. 1, 2022 /CNW/ - ATCO Ltd. (TSX: ACO.X) (TSX: ACO.Y)
The Government of Canada has
awarded Nasittuq Corporation (Nasittuq), a partnership between
ATCO Frontec (part of the
ATCO Group) and the Pan Arctic
Inuit Logistics Corporation (PAIL), a seven-year contract to
operate and maintain the North Warning System (NWS), beginning
April 1, 2022. The contract includes
four, two-year extension options.
Under the contract, Nasittuq will operate and maintain 47 remote
NWS sites in the Canadian Arctic and three facilities in
Ontario. The remote sites include
helipads, gravel runways, more than 100 buildings and over 300 bulk
fuel storage tanks, and involves maintenance, logistics,
environmental systems management, systems engineering and project
management.
"Together, PAIL and ATCO
Frontec have the deep knowledge and understanding required to
operate successfully in the North," said Jim Landon, President, ATCO Frontec. "With its technical expertise,
Nasittuq has once again proven it's the right choice for
Canada."
"We're thrilled to bring the North Warning System contract
home." said Jody Langelier,
President, Nasittuq. "The team is ready to deliver world-class
technical and logistics services for this critical defence
infrastructure."
"This contract represents an incredible opportunity for Inuit
economic development in the North," said Harry Flaherty, Chairperson, PAIL. "As a
majority Inuit-owned corporation, Nasittuq will deliver
long-lasting benefits to our Inuit shareholder corporations and
Inuit beneficiaries, including earnings, employment,
sub-contracting opportunities, and training to Northerners."
The NWS, a chain of radar sites and support facilities, form
part of Canada's North American
Aerospace Defense Command (NORAD) agreement with the United States. It was established in 1985
to detect and allow for an early response to potential threats
entering North American air space.
In Canada, the NWS consists of
47 radar sites located along the Arctic Ocean, including 11
long-range radar sites and 36 short-range radar sites. The Canadian
facilities are remotely monitored and controlled from North Bay, Ont. on a 24-7 basis.
Nasittuq previously held the NWS operations and maintenance
contract from 2001 to 2014. Prior to that, ATCO Frontec was the first Canadian contractor
to operate the defence system from 1987 to 2000. In 1994 ATCO
Frontec formed a joint-venture partnership with PAIL to bring
opportunities to the Inuit, which became Nasittuq in 2000.
Nasittuq also currently provides site support and management
services at Canadian Forces Station Alert on the northern tip of
Ellesmere Island, Nunavut.
To learn more about ATCO
Frontec, please visit our website.
With approximately 6,200 employees and assets of $22 billion, ATCO is a diversified global corporation with
investments in the essential services of Structures & Logistics
(workforce and residential housing, innovative modular facilities,
construction, site support services, workforce lodging services,
facility operations and maintenance, defence operations services,
and disaster and emergency management services); Utilities
(electricity and natural gas transmission and distribution, and
international electricity operations); Energy Infrastructure
(electricity generation, energy storage and industrial water
solutions); Retail Energy (electricity and natural gas retail
sales); Transportation (ports and transportation logistics); and
Commercial Real Estate. More information can be found at
www.ATCO.com.
Investor Inquiries:
Colin
Jackson
Senior Vice President, Finance, Treasury & Risk
403 808 2636
colin.jackson@atco.com
Media Inquiries:
Kurt
Kadatz
Senior Manager, Corporate Communications
587 228 4571
kurt.kadatz@atco.com
Forward-Looking Information:
Certain
statements contained in this news release may constitute
forward-looking information. Forward-looking information is often,
but not always, identified by the use of words such as
"anticipate", "plan", "estimate", "expect", "may", "will",
"intend", "should", and similar expressions.
Forward-looking information involves known and unknown risks,
uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such
forward-looking information.
The Company's actual results could differ materially from
those anticipated in this forward-looking information as a result
of regulatory decisions, competitive factors in the industries in
which the Company operates, prevailing economic conditions
(including as may be affected by the COVID-19 pandemic), and other
factors, many of which are beyond the control of the
Company.
The Company believes that the expectations reflected in the
forward-looking information are reasonable, but no assurance can be
given that these expectations will prove to be correct and such
forward-looking information should not be unduly relied
upon.
Any forward-looking information contained in this news
release represents the Company's expectations as of the date
hereof, and is subject to change after such date. The Company
disclaims any intention or obligation to update or revise any
forward-looking information whether as a result of new information,
future events or otherwise, except as required by applicable
securities legislation.
SOURCE ATCO Ltd.