Stephen Fuhr, secretary of state for defence procurement, says the new Defence Investment Agency is to stimulate the economy by bringing Canadian industry into the defence procurement tent. He added that Canada will still work with the U.S. on defence, but will no longer be spending 75 cents of every dollar there.
Breakdown
- Canada launches the Defence Investment Agency to improve military procurement.
- The agency aims to involve Canadian industry and create domestic jobs. 13s
- More defence spending will remain in Canada rather than going abroad. 31s
- The agency will operate under Public Works with its own authority and resources. 2m 1s
- Doug Guzman is appointed CEO, with a structure designed to accelerate procurement. 2m 9s