First military procurements managed by Defence Investment Agency revealed

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OTTAWA - The federal government has disclosed the first eight projects to be managed by the new Defence Investment Agency.

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OTTAWA – The federal government has disclosed the first eight projects to be managed by the new Defence Investment Agency.

The large military procurements include Canada’s next fleet of submarines, Arctic over-the-horizon radar, and a fleet of early warning-and-control surveillance aircraft.

The other projects include in-service support and software upgrades for the CC-130J Hercules transport aircraft, and satellite communications procurements — but it is not managing the purchase of any land vehicles or fighter jets.

Prime Minister Mark Carney holds up a model submarine he was presented with as he tours Thyssenkrupp Marine Systems (TKMS), a submarine building facility in Kiel, Germany on Tuesday, Aug. 26, 2025. THE CANADIAN PRESS/Christinne Muschi
Prime Minister Mark Carney holds up a model submarine he was presented with as he tours Thyssenkrupp Marine Systems (TKMS), a submarine building facility in Kiel, Germany on Tuesday, Aug. 26, 2025. THE CANADIAN PRESS/Christinne Muschi

The agency is being run by former banker Doug Guzman and tasked with taking on projects with a value of more than $100 million.

The Liberal government had to disclose the projects in documents tabled in Parliament late Friday in response to a research request for information by Conservative MP Scott Anderson.

Prime Minister Mark Carney pledged to set up the new office in the spring election as a way to centralize defence procurement and buy equipment for the Canadian Armed Forces at a faster pace.

This report by The Canadian Press was first published Dec. 5, 2025.

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