Ottawa to turn defence procurement agency into Crown corporation, sources say
The Canadian government plans to restructure its Defence Investment Agency into a Crown corporation to streamline military procurement. This move aims to provide the agency with greater autonomy and decision-making power to meet NATO spending targets.
Why it matters
This structural change reflects Canada's commitment to accelerating military modernization and improving defense self-reliance amid global security concerns.
Prime Minister Mark Carney during a visit to defence equipment manufacturer General Dynamics in London, Ont. NEO/The Canadian Press
Canada plans to turn its new agency for speeding up purchases of military gear into a Crown corporation, three sources say – a transformation that will give the organization and chief executive Doug Guzman far more authority in decision-making.
Prime Minister Mark Carney ’s government created the Defence Investment Agency to streamline the procurement of military purchases worth $100-million or more. Last year, Ottawa committed to the biggest ramp-up of defence spending in more than 70 years in an effort to bolster self-reliance and meet rising targets agreed to by members of the North Atlantic Treaty Organization.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in