ByThe Canadian Press 07/06/2024 A First Nation in Nova Scotia is purchasing two shipyards in the province, saying the acquisitions will position the band to compete for defence contracts. The Glooscap First Nation says it has reached an agreement in principle to acquire a majority stake in the B. Boutilier Group of Companies, which currently owns the historic Lunenburg Shipyard and the nearby East River Shipyard. The Mi’kmaq band says it plans to establish a subsidiary called Glooscap Defence, which will focus on making the band the largest Indigenous defence contractor in Canada. Glooscap Ventures, the investment arm of Glooscap First Nation, says the new enterprise will support Canada’s defence procurement strategy, which requires that at least five per cent of all procurement is handled by an Indigenous partner. Both…
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