Shipbuilding: IRB Policy and the Benefits of Public-Private Consortia
In October 2011, the National Shipbuilding Procurement Secretariat awarded Irving Shipbuilding Inc. a $25 billion contract to build combat vessels for Canada. To ensure high value-added business activity for Canadian industries, the Industrial and Regional Benefits (IRB) Policy requires companies who have won government defence and security contracts to undertake business activities in Canada equal to 100% of the contract value.