HALIFAX — A First Nation in Nova Scotia is purchasing two shipyards in the province, saying the acquisitions will position the band to compete for defence contracts.

The Glooscap First Nation says it has reached an agreement in principle to acquire a majority stake in the B. Boutilier Group of Companies, which currently owns the historic Lunenburg Shipyard and the nearby East River Shipyard.

HALIFAX — A First Nation in Nova Scotia is purchasing two shipyards in the province, saying the acquisitions will position the band to compete for defence contracts.{ai:summary}<p>Glooscap First Nation making power move by buying shipyards in Nova Scotia to compete for defence contracts. Acquisition of B. Boutilier Group puts tribe in position to profit. #economy</p>

Mi'kmaq First Nation to become majority owner of two shipyards in Nova Scotia

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