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Industry leaders point to potential barrier in PM Carney’s defence industrial strategy
The strategy aims to triple industry revenue, increase defence exports by 50%, and create 125,000 jobs over the next decade, prioritizing domestic procurement and export promotion.
- On Feb. 17, 2026, Prime Minister Mark Carney launched Canada's first defence industrial strategy at CAE Inc., Montreal facility, establishing the Defence Investment Agency to reduce U.S. reliance.
- Industry Minister Melanie Joly said the strategy aims to build industrial sovereignty by prioritizing domestic procurement before international partnerships, targeting autonomous-vehicle makers, space-based companies, and munitions manufacturers.
- The strategy targets more than tripling defence-industry revenue, boosting exports by 50 per cent, creating 125,000 jobs, and identifying Champions by this summer with BOREALIS projects chosen by Q3 2026.
- Industry groups and companies reacted as shares of Bombardier Inc., CAE Inc., Calian Group Ltd., and MDA Space Ltd. rose on the TSX Tuesday, but leaders warned procurement delays remain the strategy's Achilles heel.
- Observers pointed out the strategy lacks clear timelines despite near-term targets like champions and BOREALIS selections, while critics flagged foreign-owned subsidiaries and Canadian manufacturer definitions.
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Industry leaders point to potential barrier in PM Carney’s defence industrial strategy
Mark Carney officially launched Canada’s first-ever defence industrial strategy, an ambitious policy aimed at building a robust domestic industry to reduce Canada’s reliance on foreign suppliers to arm the Canadian Armed Forces.
·Canada
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The Quebec company and its GlobalEye surveillance aircraft could benefit from Ottawa's new ambitions.
·Montreal, Canada
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Total News Sources5
Leaning Left0Leaning Right0Center4Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
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C 100%
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