The Canadian government has
set aside $1.4 billion
for
domestic defence manufacturers
to expand ammunition production.
National Defence Minister David McGuinty announced the funding on Wednesday in Ingersoll, Ontario, where IMT Precision will receive as much as $305.4 million to
establish a new facility
that will produce empty metal shells.
The government says the facility will create at least 75 full-time jobs, and as many as 400 jobs at full production.
The government has also reached three contribution agreements with
General Dynamics Corp.
in Quebec. That money will help construct a nitrocellulose facility and support production of 155mm high-explosive projectiles.
“We are building critical capabilities here at home, reducing reliance on foreign sources, and providing the Canadian Armed Forces with dependable access to the materiel they need,” McGuinty said in a statement.
The funding is being provided under the Canadian Defence Industry Resilience Program, which was rolled out this year as part of the government’s
defence industrial strategy
.
Prime Minister Mark Carney’s government has set goals for a
huge increase in Canada’s defence production capacity
as the country prepares to meet the long-term target of the North Atlantic Treaty Organization — five per cent of gross domestic product toward defence and related spending.
Bloomberg.com
Canada earmarks $1.4 billion to boost ammunition production
2026-03-18 20:53:32
