US Edition5 things you should know about Canada’s new defence industrial strategy
The $6.6 billion plan aims to reduce foreign reliance, boost small and medium firms, and increase Canadian defence exports by 50% within 10 years, officials said.
- On Tuesday, Prime Minister Mark Carney unveiled Canada's first-ever defence industrial strategy in Montreal, with a $6.6-billion plan adopting a 'build, partner, buy' model.
- The federal government argues past reliance on foreign suppliers created vulnerabilities the country can no longer sustain, prompting Ottawa to boost domestic production.
- Ottawa proposes a Defence Investment Agency to speed procurement, cut red tape, expand domestic production, and will preferentially procure from Canadian firms targeting frontier technologies like AI, quantum, cyber, and advanced materials.
- Small and medium-sized firms will benefit from the $4 billion program at the Development Bank of Canada, supporting defence exports and technology scaling, the strategy says.
- The plan also establishes a drone innovation hub at the National Research Council and commits to domestic ammunition supply with nitrocellulose production starting in 2029.
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Mark Carney looked out on Tuesday when a fellow journalist asked him why Canada's Industrial Defence Strategy, which the Prime Minister had just presented in Montreal, arrived so late.
This new policy promises massive growth in the Canadian military industry.
5 things you should know about Canada's new defence industrial strategy
OTTAWA — Prime Minister Mark Carney unveiled Canada’s first-ever defence industrial strategy Tuesday in Montreal. It seeks to boost Canadian defence exports by 50 per cent within a decade. The $6.6-billion plan sets out what the government calls a “build, partner, buy” model to source military gear domestically — especially for “sovereign capabilities” critical to […]
New defence plan spurs local business optimism
Prime Minister Mark Carney says the new Defence Industrial Strategy is designed to reduce Canada’s reliance on the United States by expanding domestic military production.“The heart of this strategy is an objective to increase our defence exports by 50 per cent,” Carney said during a factory tour in Montreal. The new strategy means Canada will immediately start spending two per cent of its GDP on defence spending. Watch below: Loading the playe…
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