We welcome the Davie's new buyer. It's a big shipyard. If it survives, it will be the biggest shipyard in the country. We closed Saint John Shipbuilding through lack of work after the frigate program. There was no continuity. You needed about $300 million a year in that facility. It was world class, but there was no continuity for the frigate program, so the shipyards closed.
Davie was in bankruptcy. This Norwegian owner came in and he bought it, and we welcome that. I hope he survives.
My biggest concern is that I don't know how much of his own money the guy's got into it. From what I'm told, not very much. And you know the Davie has gone through ups and downs with various owners over the years. I hope this fellow makes it. The industry in Canada would like Davie to survive. There are a lot of programs coming up. We need Davie. So I hope he makes it.
We don't fear the Norwegians' coming in and building inside Canada. It's wonderful. It's creating jobs in Canada, it's building in Canada. What we don't want is building in Norway and sending them over here. So we welcome that Norwegian gentleman's buying that shipyard.