06/08/2012 02:31 EDT | Updated 08/08/2012 05:12 EDT

Armoured Vehicle Purchase: Ottawa To Buy 500 Tactical Vehicles At A Cost Of $708 Million

CFB GAGETOWN, N.B. - The federal government has awarded a $708-million contract for the purchase of 500 tactical armoured patrol vehicles for the Canadian Army.

They will be built by Textron Systems Canada Inc., based in Ottawa.

Once in service in 2014, the new vehicles will be used for reconnaissance, surveillance and the transport of cargo and personnel.

The vehicles are one component of $5-billion in upgrades to the army's combat vehicles announced in 2009.

The announcement was made today at Canadian Forces Base Gagetown in southern New Brunswick.

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