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Canada Defence and Security Report Q4 2009Published by: Business Monitor International Published: Oct. 30, 2009 - 49 Pages Table of Contents
AbstractThe Canadian Defence and Security sector has witnessed a surge of activity over Q309, paving the wayfor an increasingly active final quarter and most certainly an eventful next fiscal year. While the budgetfor this sector continues to grow, there seems to have been a monumental shift with regards to monetary,defence as well as industrial focus.The Canadian national defence landscape has been given an entirely new blueprint in the form of therecently implemented Canada First Defence Strategy (CFDS), which will effectively channel funding intokey areas, to not only improve its military and defence capabilities, but also that of the industrial andeconomic sectors as a whole. From a Canadian security and defence personnel standpoint, thegovernment has clearly felt the need to boost investment in order to reverse the negative growth trendwitnessed over the past fiscal year. With regards to military investment, 2009 has been a lively period with discussion focused on how best toimprove procurement with regards to defence investment, as well as an attention shift towards increasedfunding focused towards local military contractor investment. It is hoped that these open negotiations willeffectively pave the way for more finely tuned expenditure, especially in areas relating to the army andnavy. Simple procurement in the manner of ‘repeat purchasing’ will find no room in this new structure,therefore enhancing both improved competition from contracts, as well as more finely tuned andappealing equipment and facilities - further aiding in drawing in new recruits. The government has also made its intentions clear with regards to wanting to not only improve and boostall forms of infrastructure within the defence sphere, but also focus on contributing towards an economicstimulus package that will play an active role in domestic job creation. Figures with regards to deployment of Canadian troops is largely in line with the numbers recorded overthe past fiscal year, with the majority of Canadian troops abroad being stationed in Afghanistan. As ofQ309, there are currently over 2,900 Canadian soldiers, navy and airforce personnel deployed oninternational and operational missions. However, on any given day there are close to 8,000 CanadianDefence Force members - which amount to one third of the Canadian Defence deployable force -training for, engaging in or returning from international deployment. The past quarter has also seen a clear emphasis on the upgrade, and the purchase of, new andtechnologically advanced equipment and software, to aid the sector during this period of ‘recovery’. Asignificant deal was underlined with the announcement by the Canadian government detailing a contractsigned with the Boeing Company for the purchase of 15 new Chinook helicopters for the nationaldefence system. The contract valued at US$1.2bn comes at a pivotal time for the industry, and willcertainly result in much needed relief for Q409. This on the back of a US$135mn investment into 4 WingCold Lake (Canada’s busiest fighter base) has publicly driven home the message that the Canadiandefence sector will spend whatever is necessary to ensure not only a world class defence sector, but onethat is equipped to ensure national safety from threats both domestically, as well as abroad. Get Full Details About This Report >> |
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