Canadian defence companies are urging the federal government and investors to provide greater financial and strategic support to strengthen the nation's defence industry. The call comes amid rising global security concerns and a need for domestic capabilities.
Industry leaders speak out
Executives from major defence firms emphasized the importance of sustained investment to maintain technological edge and sovereignty. They highlighted challenges such as supply chain disruptions and competition from international players.
Government role
The industry is looking for increased procurement budgets, streamlined contracting processes, and incentives for research and development. A spokesperson noted that consistent government backing is critical for long-term planning.
Investor appeal
Defence companies also appealed to private investors to recognize the sector's growth potential. With geopolitical tensions high, there is a growing market for advanced defence technologies.
Looking ahead
The companies plan to engage with policymakers and financial institutions in the coming months to secure commitments. They argue that a robust domestic defence industry is essential for national security and economic resilience.
