01/23/2015 01:44 EST | Updated 03/25/2015 05:59 EDT

Halifax Shipyards hosts shipbuilding update by minister

The federal minister of public works, Diane Finley, and Nova Scotia MP Peter MacKay are speaking Friday afternoon at the Halifax Shipyards about the National Shipbuilding Procurement Strategy.

They are expected to begin at 3 p.m. AT.

Irving Shipbuilding Inc. and the federal government have signed a contract to build six Arctic offshore patrol ships and the deal guarantees the Halifax yard five ships with a cost ceiling of $2.3 billion.

The agreement was announced last Friday in Ottawa with little fanfare during a technical briefing with federal bureaucrats.