-- DEFSEC Technologies (DFSC.V) on Monday said David Ibbetson, former General Manager of General Dynamics Mission Systems International (GDMS) has joined DEFSEC's board of directors.
The company said Ibbetson has more than 35 years in the aerospace and defense industry, and 25 years with General Dynamics, where he served in "progressively senior executive roles," most recently as the General Manager of the international division of General Dynamics Mission Systems, headquartered in Ottawa.
The company further said Ibbetson led operations throughout Canada, United Kingdom, Italy, Saudi Arabia, Oman, Turkey and the UAE, "delivering major US and Canadian programs" such as Land C4ISR, CH-148 Cyclone and CP-140 Aurora Integrated Mission System and "exporting products and systems into immense programs" of the UK Ministry of Defense and other allied nations' militaries.
"Dave brings immense wisdom and experience to the company," said chief executive Sean Homuth. "His experience growing and leading defense enterprises on a global scale while successfully navigating relationships with governments and major defense contractors, will be of very great value to DEFSEC, as we enter a new phase of expected growth."
The company also announced the departure of Paul Mangano from the DEFSEC board of directors.
"Paul has agreed to step down to allow the board space to bring on a seasoned Canadian executive with deep experience in the delivery of large-scale Canadian defence programs," Homuth added. "This aligns with company's growth strategy and focus on increasing participation in Canada's Defence Industrial Strategy."
The company's shares were last seen up $0.36 to $3.11 on the TSX Venture Exchange.
Price: $3.11, Change: $+0.36, Percent Change: +13.09%