Canada has unveiled a new Defence Investment Agency aimed at transforming how the country acquires military equipment and builds defence capacity.
Announced by Prime Minister Mark Carney, the agency will streamline the federal procurement process, speeding up the delivery of critical tools to the Canadian Armed Forces while creating new careers for Canadian workers.
The current procurement system is spread across multiple departments and is often slow and inefficient. The new agency will centralize procurement, cut red tape, and provide greater clarity to industry partners.
The agency will also tie defence investments to Canadian manufacturing—boosting innovation in aerospace, shipbuilding, and advanced technologies. By focusing on domestic supply chains, the government aims to strengthen national security and position Canada as a key global defence partner.
Doug Guzman, former Deputy Chair of RBC, has been appointed CEO. He brings extensive financial and project management experience to the role.
The Defence Investment Agency aligns Canada with allies like the UK and Australia, while helping meet NATO targets, including the goal of spending 2% of GDP on defence by 2025.
The agency’s initial work will focus on accelerating high-priority projects and building up industrial capacity across the country.
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