What Happened
Defence Sector Expansion Expected With New Federal Budget
Ottawa’s defence industry has experienced a busy year, with companies preparing for anticipated defence spending and new contracts. The sector is now looking to the upcoming federal budget for details on how smaller companies will be able to grow and participate in the industry. According to industry leaders, the government’s defence industrial strategy and recent investments in the sector are signals of a changing procurement landscape, which may benefit Canadian-owned and controlled companies. The growth of the sector is also attracting foreign investment, with companies like Finnish airship manufacturer Kelluu opening offices in Ottawa. This article was first reported by CBC News.