Posted AT 4:34 AM EDT on 14/05/08
Ottawa withholding Sikorsky payments
OTTAWA — Ottawa is holding on to more than $200-million in planned payments to Sikorsky Inc., as tensions grow between the Harper government and the U.S.-based company that is running late in replacing the 40-year-old Sea Kings, sources say.
A senior official said federal payments to Sikorsky have so far totalled $700-million, but the helicopter maker has failed to meet milestones that would have allowed it to collect another $200-million.
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