The Liberal government in Canada has announced a new agency to manage and speed up the purchase and delivery of equipment to the Canadian military. The Defence Investment Agency will be mandated to work more closely with allies, including the U.K., Australia and France.
Breakdown
- Canada announces the creation of the Defense Investment Agency to reform military procurement. 2s
- The agency aims to speed up equipment delivery and involve Canadian industry. 33s
- Doug Guzman, a former banker, is appointed as CEO to bring private sector expertise. 47s
- Canada recently signed a defense partnership with Europe to diversify procurement. 55s
- Analysts warn that reducing foreign dependency requires strategic choices beyond increasing domestic involvement. 1m 3s