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Canada is bolstering its defense industry as US relations fray. A boom is on for local contractors
Developing
Lots of new companies and (other) industries coming into the (defense) industry, getting involved,” said Wuxly founder and CEO James Yurichuk. “The scale of investment that is involved is quite significant by Canadian standards, certainly in peacetime,” said Philippe Lagassé, an associate professor at Carleton University specializing in defense policy.
“There’s a lot of innovation that can create advantage in the North, and with the Arctic region being so important, we’ve got to clothe our soldiers properly," Yurichuk said. It calls for accelerating research and development and prioritizes developing key “sovereign capabilities” including aerospace, robotics and unmanned systems.
“There definitely is money in play,” said Nikhil Malhotra, co-founder of the two-person company.
What's confirmed
What's still developing
- “The scale of investment that is involved is quite significant by Canadian standards, certainly in peacetime,” said Philippe Lagassé, an associate professor at Carleton University specializing in defense policy.
- Lots of new companies and (other) industries coming into the (defense) industry, getting involved,” said Wuxly founder and CEO James Yurichuk.
- “There’s a lot of innovation that can create advantage in the North, and with the Arctic region being so important, we’ve got to clothe our soldiers properly," Yurichuk said.
- It calls for accelerating research and development and prioritizes developing key “sovereign capabilities” including aerospace, robotics and unmanned systems.
- “There definitely is money in play,” said Nikhil Malhotra, co-founder of the two-person company.
Sources
- The Independent — source text fetched for this pass link