US EditionLiberals roll out Defence Investment Agency to speed up military purchasing
The Defence Investment Agency aims to cut red tape and diversify equipment sources beyond the U.S., supporting Canada's participation in the $1.27-trillion ReArm Europe plan.
- The Defence Investment Agency was officially launched by Prime Minister Mark Carney in Ottawa on Thursday to improve Canada's defence procurement system.
- The agency will manage procurements valued at $100 million or more, including the acquisition of up to 12 new submarines.
- The new agency aims to improve Canada's defence procurement efficiency and support small-to-medium-sized enterprises.
- Canada has committed to spending two percent of its GDP on national defense annually, the highest levels since the Cold War.
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Ottawa Launches Procurement Agency to Fast‑Track Defence Purchases
Ottawa has launched a new agency aiming to speed up defence purchases for the Canadian Armed Forces and the Canadian Coast Guard. The new Defence Investment Agency seeks to streamline the procurement process by eliminating redundancy and red tape, while expediting defence purchases through a centralized review and approval system, according to the Prime Minister’s Office (PMO). “Canada’s defence procurement is currently fragmented across several…
Liberals roll out Defence Investment Agency to speed up military purchasing (Canada)
Ottawa is launching a new federal procurement agency designed to overhaul and centralize how the military buys its equipment. Secretary of State for Defence Procurement Stephen Fuhr, who will oversee the new Defence Investment Agency, says it will deliver equipment to the Canadian Armed Forces at a ...
The Defence Investment Agency will act as a single window for the supply of the army.
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