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Company News

Canada says it is lifting a freeze on arms exports to Saudi Arabia

OTTAWA, April 9 (Reuters) - Canada is lifting a freeze on weapons exports to Saudi Arabia and has renegotiated a much-criticized $14 billion contract to sell General Dynamics Corp armored vehicles to Riyadh, Ottawa said on Thursday.

Foreign Minister Francois-Philippe Champagne said in a statement that the “significant improvements” to the contract would secure thousands of jobs at the U.S. firm’s Canadian subsidiary, where the vehicles are being made. (Reporting by David Ljunggren)

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