Defence Investment Agency

Carney Launches Canada’s First Defence Industrial Strategy to Boost Domestic Production

Carney Launches Canada’s First Defence Industrial Strategy to Boost Domestic Production

Montreal (Rajeev Sharma): Prime Minister Mark Carney on Tuesday unveiled Canada’s first-ever defence industrial strategy, aimed at strengthening domestic manufacturing and reducing reliance on foreign suppliers to equip the Canadian Armed Forces. The announcement was made during a visit to simulation technology firm CAE in Montreal, where industry leaders welcomed the move as a major step toward building a stronger national defence sector. CAE president and CEO Matthew Bromberg said the strategy signals a clear commitment to developing a robust defence industrial base in Canada. About half of the company’s contracts are now tied to military work, with 90 per…
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