SNC-Lavalin is projecting higher profits from most of its operations this year despite a soft end to 2016. The Montreal-based company anticipates that performances from all segments aside from mining will drive a 13 to 32 per cent improvement in adjusted earnings from its core engineering and construction operations.
Two former top executives of SNC-Lavalin and a Canadian businessman have been acquitted in an international bribery case. An Ontario Superior Court justice dismissed the case today at the prosecution's request.
The operator of Argentina's nuclear power stations has awarded a six-month contract to SNC-Lavalin to do preliminary work that could lead to construction of a new Candu plant northwest of Buenos Aires.
SNC-Lavalin's CEO says he wants the new federal government to adopt corporate corruption settlement deals like the United States and United Kingdom have so that Canadian companies implicated in wrongdoing can quickly resolve matters and remain competitive.