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Or sign-in if you have an account.Lockheed Martin Canada could spend up to $126 million in salaries and benefits over the next five years and add 320 highly-skilled jobs to the current workforce of 505 employees at the defence contractor's offices in Dartmouth. Photo by Tim KrochakWith a surge of federal military spending expected to flow into Nova Scotia in the coming years, the world’s largest defence and aerospace contractor announced a multi-million-dollar investment on its new hires in the province over the next five years.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorLockheed Martin Canada could spend up to $126 million in salaries and benefits during that period and add 320 highly-skilled jobs to the current workforce of 505 employees at the defence contractor’s offices in Dartmouth.The contractor will get a financial boost from the province through Invest Nova Scotia (INS). The province’s business development agency announced a payroll rebate for Lockheed Martin Canada that could earn the company up to $9.6 million over the five years.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againA payroll rebate is a performance-based incentive used to attract companies to the province and help bring in new revenue and high-value jobs.An INS forecast estimated that the new Lockheed Martin Canada employees would contribute provincial tax revenues of around $12.4 million “through their income and consumption taxes.”Lockheed Martin Canada has been a longstanding partner with the Royal Canadian Navy (RCN). According to a news release, the contractor’s Halifax presence has supported an annual average of 941 jobs, $736 million in total value to the provincial economy, $478 million in labour income and $118 million in government revenue over the last five years. A concept image of Canada’s future River-class destroyers, which will be the next-generation combat ship for the Royal Canadian Navy. Photo by Government of CanadaThe contractor credited the province for providing the naval expertise, highly-skilled workforce, industrial capability and customer proximity that have enabled the company to expand its Canadian footprint.“Lockheed Martin Canada’s long history in Nova Scotia is a defining part of our identity,” Stephen Isaacs, general manager for Lockheed Martin Canada Rotary and Missions Systems, said in a news release.“With roughly 40 per cent of our Canadian workforce based in the province, Nova Scotia is integral to our operations and continued growth. We are proud to contribute to the province’s $2.6 billion defence industry by supporting highly-skilled, long-term employment, continued innovation and technology transfer.”As global defence companies expand their presence in Canada, Nova Scotia – strategically positioned between North America and Europe and home to the RCN’s Atlantic fleet – has emerged as the country’s primary defence hub.Halifax is home to one of the country’s largest concentrations of naval, shipbuilding and in-service support capabilities. And it will only get bigger.Earlier this month, Prime Minister Mark Carney announced a combined German-Norwegian design to replace the country’s aging submarine fleet. Canada will begin negotiating a final contract with ThyssenKrupp Marine Systems for up to 12 of its diesel-electric submarines. It is expected that four of those vessels will be handed over by 2034.The addition of a large, modern submarine fleet will not only mean big changes for the Canadian Navy, but it is projected to bring thousands of skilled workers to Halifax to crew and maintain the vessels at a new purpose-built facility on the harbour. Lockheed Martin Canada offices in Dartmouth on Wednesday. Photo by Tim Krochak“Nova Scotia is earning a larger role in the global defence economy,” Colton LeBlanc, Nova Scotia’s Minister of Growth and Development, said in a news release.“Lockheed Martin Canada’s continued growth reflects the strength of our workforce, our naval and defence expertise, and our ability to compete for internationally significant opportunities.”In 2024, Lockheed Martin Canada secured a $1.85-billion contract extension to continue providing combat systems integration in-service support for the navy’s Halifax-class frigates through 2034.The contract ensures the vessels will continue receiving maintenance and systems support until they reach the end of their operational lives, coinciding with the gradual introduction of Canada’s new River-class destroyers.Lockheed Martin Canada is also the prime combat systems integrator for the River-class destroyers, with its Canadian-developed Combat Management System 330 (CMS 330) serving as the ships’ digital nerve centre.CMS 330 has also been adopted by allied fleets including those from Chile and New Zealand and was recently selected by the German Navy for integration across its entire surface fleet. 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