Standing Committee on Government Operations and Estimates: February 10, 2026

Creation and Planning of the Defence Investment Agency
Date: February 10, 2026, 4:30 pm - 5:30 pm
Location: In person

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General items

1. Opening statement

The Honourable Stephen Fuhr

Secretary of State (Defence Procurement)

Standing Committee on Operations and Government Estimates – Creation and Planning of the Defence Investment Agency

February 10th, 2025

Check against delivery

634 words

Hello everyone. Thank you for inviting me today.

I would like to acknowledge that we are gathered on the traditional, unceded territory of the Algonquin Anishinaabe people.

Thank you, Mr. Chair. I am pleased to appear before you today to discuss the Defence Investment Agency.

As Secretary of State for Defence Procurement, my primary responsibility is to make sure that the government provides the Canadian Armed Forces with the tools and equipment they need to defend Canada and Canadians.

For too long, defence procurement in Canada has been too slow, overly complicated, and fragmented across several departments. To address these shortcomings, the government is changing its approach.

This work builds directly on the recommendations of the National Defence Committee’s 2024 report, A Time for Change for Reforming Defence Procurement in Canada.

That is why we created the Defence Investment Agency, to bring coherence, speed, and accountability to the system. The Defence Investment Agency (DIA) is making procurements faster and more efficient.

We are prioritizing Canadian industry so that, whenever possible, we are buying here at home and strengthening Canada’s industrial capacity.

When urgent or operational needs require us to look abroad, we will work with trusted partners and secure the intellectual property needed for Canadian companies and workers to sustain that equipment here at home.

Canada has world-class capability and capacity in aerospace, shipbuilding, space, land systems, artificial intelligence, and advanced manufacturing. Leveraging Canadian expertise to build out our military will grow our economy while delivering the capabilities our Armed Forces require.

Presently, the government is working toward meeting our North Atlantic Treaty Organization (NATO) commitment of 2% of GDP in defence spending this fiscal year, 5 years ahead of schedule. We are also exploring opportunities to pull future procurements forward to ensure we are on a path to meeting NATO’s 5% Defence Investment Pledge by 2035.

The Defence Investment Agency is ramping up its operations and is already focused on a number of high-priority procurements.

Several major projects have already been transferred to the Agency, and more will follow as the organization expands.

With a number of these projects, we have taken important steps to streamline their delivery and create opportunities for Canadian industry.

With the Enhanced Satellite Communications Project – Polar, we announced a strategic partnership between Telesat and MDA Space, 2 Canadian companies with expertise delivering satellite communications and space-based infrastructure, to deliver this project faster and stimulate our economy in the process.

Meanwhile, we streamlined the award of a contract to purchase 6 Global 6500s to Bombardier to replace our aging Challenger fleet and set the Canadian Patrol Submarine Project on a path to delivery years earlier than originally anticipated.

Within the Agency, CEO Doug Guzman is now responsible for building and leading the DIA. His experience in capital allocation, project execution, and major financial operations is essential as we accelerate procurement and grow our defence industrial base.

As a first step, we’ve established the DIA as a Special Operating Agency within Public Services and Procurement Canada to benefit from the department’s expertise and long-standing relationships with industry.

This transitional structure is allowing us to stand up the organization quickly while we bring together the full complement of personnel and capabilities from Public Services and Procurement, National Defence, the Canadian Armed Forces, the Canadian Coast Guard, and Innovation, Science and Economic Development Canada.

The integrated experts report to the Agency’s CEO, who works with the Deputy Minister of PSPC. Together, they support me as the Secretary of State responsible for this new organization.

To meet the moment, we are making defence procurement faster and more efficient so that our Armed Forces and Coast Guard get what they need when they need it, while helping drive innovation and economic growth for Canada’s new reality.

I’m happy to take any questions you may have for me.

Thank you.

2. Defence Investment Agency

Issue

The Government of Canada has created a new Defence Investment Agency to modernize defence procurement.

Key facts

Key messages

If pressed on ties to economic impact:

If pressed on defence spending:

Background

Until now, defence procurement in Canada has been divided across multiple ministers and accountabilities, and layers of oversight from central agencies. To meet the Government’s commitment to accelerate spending on defence, reforms to defence procurement are needed. The Defence Investment Agency will centralize accountability, leverage expanded authorities and introduce flexibilities in the procurement process to deliver faster procurement outcomes. Defence procurement in Canada now better aligns with our allies, such as the United Kingdom, France, and most recently Australia, which have dedicated and independent defence procurement organizations.

Reforming defence procurement has been the subject of several reports and studies. In June 2024, the Standing Committee on National Defence tabled a wide-ranging report entitled, A Time for Change: Reforming Defence Procurement in Canada. Also, in June 2024, the Parliamentary Budget Officer tabled a report on the rising costs and extended delays associated with the development and acquisition of polar icebreakers. In December 2024, the Auditor General of Canada tabled a report on the application of Industrial and Technological Benefits (ITBs) to defence procurements, noting areas for administrative improvements, and tabled an additional report on Canada’s Future Fighter Jets in June 2025. Taken together, consecutive reports indicate that the procurement process and overly customized specifications have led to avoidable cost increases and significant delays.

3. Budget 2025 – Defence spending

Advice to the Minister

Question: Why is this Government spending so much on Defence when there are other issues affecting Canadians?

Quick facts

Background

Rebuild, rearm, reinvest
Defence Industrial Strategy
Defence Investment Agency
Operations

Responsible Principals: Assistant Deputy Minister (Finance), Assistant Deputy Minister (Policy)

November 5, 2025

4. Budget 2025 - Defence Investment Agency

In Budget 2025, the government unveiled over $141.4 billion in new spending (offset by $51.7 billion in projected savings) over the next 5 years with a focus on: building a stronger Canadian economy; shifting from reliance to resilience; empowering Canadians; protecting Canada’s sovereignty and security; and creating a more efficient and effective Government.

Funding for the Defence Investment Agency (DIA) includes:

5. Chief Executive Officer of the Defence Investment Agency

Issue

The appointment of Doug Guzman as Chief Executive Officer of the Defence Investment Agency.

Key facts

Key messages

Background

Mr. Guzman was a Canadian business leader with 3 decades of experience in global banking, wealth management, and financial services. Most recently, Mr. Guzman served as Deputy Chair of the Royal Bank of Canada (RBC), advising on enterprise priorities and, together with other members of the Group Executive, was responsible for setting the overall strategic direction of RBC. Immediately prior to his role as Deputy Chair, Mr. Guzman served as Group Head of Wealth Management and Insurance at RBC for 9 years.

Mr. Guzman’s appointment as Chief Executive Officer (CEO) of the Defence Investment Agency (DIA) is consistent with those made to other recently created Special Operating Agencies, including the Major-Projects Office and Build Canada Homes, where leadership for these Agencies are sourced from the private sector. Mr. Guzman’s private sector experience provides valuable insights and perspectives into earnest defence procurement reforms, including leveraging private-sector best practices, experimenting with novel approaches and introducing culture change to deliver on this critical mandate.

6. Defence Investment Agency's governing documents

Issue

Public release of the Defence Investment Agency’s Governing Documents (Framework Agreement and Business Plan).

Key facts

Key messages

Background

The Defence Investment Agency (DIA) was created to support Canada’s delivery of ambitious defence procurement targets more efficiently while supporting the growth of Canada’s domestic defence industry. It is a Special Operating Agency of Public Services and Procurement Canada (PSPC) under the leadership of Chief Executive Officer, Doug Guzman, and reports to the Deputy Minister of PSPC during its initial phase.

The DIA’s governing documents, cover its mandate, governance, and accountability framework. The Framework Agreement, once updated, will be published on the DIA website so Canadians can better understand how the Agency operates.

Special Operating Agencies are entities within an existing department that function according to a Framework Agreement and Business Plan approved by the Deputy Minister, Minister, and Treasury Board.

The DIA’s key foundational documents – its Framework Agreement and Business Plan – were developed together with PSPC, the Department of National Defence, Innovation, Science and Economic Development, and the Treasury Board of Canada Secretariat.

Though Framework Agreements contain common elements, they are tailored to the precise needs of the organization. As conditions change, the Framework Agreement will be revised to reflect those changes. The Business Plan covers the financial and service objectives, the human and financial resources, and the strategies required to meet these objectives.

Key projects

7. Defence investments (includes North Atlantic Treaty Organization Commitments)

Advice to the Minister

Question: How does spending on National Defence benefit Canadians and how can Canada realistically meet a revised Defence spending target of 5% by the end of 2035?

Quick facts

Defence spending
North Atlantic Treaty Organization common funded budget

Background

Our North, Strong and Free
Parliamentary Budget Officer analysis

Responsible Principal: Assistant Deputy Minister (Finance)

September 5, 2025

8. Procurement of Canadian F-35 jets

Issue

In December 2017, the Government of Canada launched an open and transparent competition to permanently replace Canada’s fighter fleet with 88 advanced jets, the Future Fighter Capability Project.

Note:

Key facts

Key messages

Background

As part of its defence policy, Our North Strong and Free, the Government of Canada has renewed its commitment to procure 88 advanced fighter jets for the Royal Canadian Air Force.

An independent fairness monitor oversaw the entire competitive process to ensure a level playing field for all bidders. An independent third-party reviewer was also engaged to assess the quality and effectiveness of the procurement approach.

On January 9, 2023, the Government of Canada announced that following an open, fair and transparent competition, Canada had finalized an agreement with the United States government and Lockheed Martin with Pratt & Whitney for the acquisition of F-35 fighter jets for the Royal Canadian Air Force.

On November 25, 2024, the Government of Canada announced that Canada has identified L3Harris MAS from Mirabel (QC) as a strategic partner. The company will collaborate with the Canadian government, the F-35 Joint Program Office and Lockheed Martin to explore the requirement for an air vehicle depot.

On March 14, 2025, the Prime Minister asked the Minister of National Defence (MND) to review the planned acquisition of the F-35 aircraft; the review is led by the Department of National Defence with input from key project stakeholders. The Independent Review Panel for Defence Acquisition will also provide separate advice to the MND.

The Office of the Auditor General of Canada has completed its Performance Audit of Canada’s Future Fighter Capability Project and tabled the report in Parliament on June 10, 2025. Key findings include significant cost increases, infrastructure delays, Royal Canadian Air Force pilot shortages and project management gaps.

9. Canadian Patrol Submarine Project

Issue

Canada has identified German company Thyssenkrupp Marine Systems (TKMS), and Korean company, Hanwha Ocean Co., Ltd. (Hanwha), as the 2 qualified suppliers for the Canadian Patrol Submarine Project.

Key facts

Key messages

Background

Through Canada’s defence policy, Our North, Strong and Free, the Government of Canada is providing members of the Royal Canadian Navy with the equipment they need to maintain current and future operational readiness.

Canada’s key submarine capability requirements will be stealth, lethality, persistence and Arctic deployability – meaning that the selected submarine must have extended range and endurance.

Through the Canadian Patrol Submarine Project, Canada will acquire a larger, modernized submarine fleet that will provide a unique combination of these capabilities to ensure that Canada can detect, track, deter and, if necessary, defeat adversaries in all 3 of Canada’s oceans while contributing meaningfully alongside allies and enabling the Government of Canada to deploy this fleet abroad in support of our partners and allies.

The Government of Canada remains committed to engaging Canadian industry and creating high-paying jobs at home through the Canadian Patrol Submarine Project

10. National Shipbuilding Strategy

Issue

The National Shipbuilding Strategy is a long-term commitment to renew the vessel fleets of the Royal Canadian Navy and Canadian Coast Guard, create a sustainable shipbuilding sector, and generate economic benefits for Canadians.

Note: All questions related to budget, requirements, timelines, international comparisons, and project management should be directed to the Minister of National Defence.

Key facts

Key messages

If pressed on the River-class Destroyer Project:

If pressed on the Polar Icebreakers:

Background

The National Shipbuilding Strategy is a long-term plan to renew the Royal Canadian Navy and Canadian Coast Guard fleets. It aims to eliminate the boom and bust cycles of vessel procurement that have slowed Canadian shipbuilding in the past. Canadian shipyards involved are Irving Shipbuilding Inc. in Nova Scotia, Seaspan’s Vancouver Shipyards in British Columbia and Chantier Davie Canada Inc. in Quebec.

The River-class Destroyer Project Implementation contract, with an initial value of $8 billion (including taxes) outlines the terms and conditions for the construction and acceptance of the first 3 ships.

Seaspan’s Vancouver Shipyards was awarded a $3.15-billion contract (excluding taxes) to build 1 polar icebreaker and Chantier Davie Canada Inc. was awarded a $3.25-billion contract (excluding taxes) to build the other polar icebreaker.

The Davie icebreaker will be built using a hybrid domestic-international build strategy, with work split between Davie’s facilities in Quebec and its Finnish shipyard, Davie North Yard Finland Oy. With the evolving global climate, it is essential more than ever that Canada delivers ships to the Canadian Coast Guard in a timely manner so they can continue to work to protect Canadian sovereignty and security.

The National Shipbuilding Strategy continues to evolve and is strengthened by the Icebreaker Collaboration Effort (ICE) Pact, a partnership between Canada, Finland, and the United States that was signed into effect in November 2024. This collaboration seeks to accelerate Arctic and polar icebreaker production, boost the marine industries of all 3 nations, and enhance technical cooperation and information sharing to meet global demand for icebreakers.

11. National Shipbuilding Strategy – Accomplishments from January to November 2025

The National Shipbuilding Strategy (NSS) is Canada's long-term plan to renew the fleets of the Royal Canadian Navy (RCN) and the Canadian Coast Guard (CCG). The NSS has also been successful in rebuilding a domestic marine industry and creating sustainable jobs in Canada.

Project advancements

From January to November 2025, the NSS achieved milestones and showed significant progress in delivering the equipment needed by our partners to support their operational readiness and daily missions. Below are some key milestones for NSS projects for that period.

Pillar 1: Construction of large vessels
Pillar 2: Construction of small vessels
Pillar 3: Vessel repair, refit and maintenance projects

Existing vessels received the necessary maintenance and upgrades to ensure their continued services.

Economic benefits

NSS contracts awarded between 2012 and 2024 are estimated to have contributed close to $38.7 billion ($2.8 billion per year) to Canada's gross domestic product (GDP) and created or maintained approximately 21,400 jobs annually between 2012 and 2025.

Since 2012, more than $11 billion in supplier development opportunities have been provided to Canadian suppliers. Of this amount more than $2.3 billion has gone to small and medium sized enterprises.

NSS large ship construction contracts awarded between 2012 and 2024 are estimated to contribute close to $23.0 billion ($1.65 billion annually) to Canada's GDP. These create or maintain approximately 12,890 jobs annually, through the marine industry and its Canadian suppliers, as well as consumer spending by associated employees.

NSS small ship construction contracts awarded between 2012 and 2024 are estimated to contribute close to $556 million ($39 million annually) to Canada's GDP. Money flowing from these contracts, as well as consumer spending linked to this investment, will help create or maintain almost 295 jobs annually throughout the marine industry and its Canadian suppliers.

NSS shipyards are on track to meet their economic benefits obligations under the Industrial and Technological Benefits Policy.

Innovation, Science and Economic Development Canada continues to implement the NSS Value Proposition (VP) to ensure the long-term sustainability of the Canadian marine industry.

The objective of the NSS Value Proposition (VP) is to benefit the broader marine industry to ensure its long-term sustainability. Under the NSS VP, large vessel shipyards are required to invest an amount equal to 0.5% of the value of their resultant contracts in 3 priority areas: human resources development, technology investment and industrial development.

As of March 31, 2025, NSS shipyards with large vessel projects had more than $69 million in combined NSS VP obligations and have identified or completed more than $68 million in investments. These investments will benefit the greater marine industry in the areas of human resources development, technology investment and industrial development.

Related documents

12. Industrial and Technological Benefits Policy

Question: How is the Government of Canada leveraging federal procurement for economic benefits for Canada?

Key messages (86 words)

Supplementary messages

Background

Media Relations Office

343‑291‑1777

Preparation and Approvals

Sector contact: Demetrios Xenos, DG-ITBB, 613‑889‑1462

Sector approval (ADM-Level): Mary Gregory, AADM, 613‑762‑8602

SCMS contact (Director): Geneviève Sicard, Director 343‑550‑1582

SCMS approval (Exec/ADM-level): Kendal Hembroff, ADM, 343‑291‑1652

13. Buy Canadian

Issue

On December 16, 2025, the Government of Canada announced the coming into force of core elements of the Buy Canadian Policy to strengthen domestic industries and ensure federal procurement spending benefits Canadian businesses.

Key facts

Key messages

Background

On September 5, 2025, the Prime Minister announced an expanded Buy Canadian Policy that introduces a suite of new measures to prioritize Canadian suppliers, materials, and innovation across federal procurement and funding programs.

On November 4, 2025, the Prime Minister outlined nearly $186 million in new funding from Budget 2025 to fully implement the Buy Canadian Policy and ensure it delivers lasting results for Canadian businesses and workers.

On December 16, 2025, the Minister of Government Transformation, Public Works and Procurement and Quebec Lieutenant, announced the coming into force of core elements of the Buy Canadian Policy, which fundamentally changes how the federal government purchases goods and services.

Public Services and Procurement Canada developed the Buy Canadian Procurement Policy Framework that encompasses a number of new measures.

Policies under the framework that have come into force, effective December 16, 2025, include:

Measures that are expected by spring 2026 include:

14. Increasing Indigenous involvement in procurement

Issue

Public Services and Procurement Canada, in partnership with Indigenous Services Canada and the Treasury Board of Canada Secretariat, is actively working to increase the participation of Indigenous businesses in federal procurement.

Note: All questions regarding the Indigenous Business Directory, verification of Indigeneity and alleged cases of Indigenous misrepresentation should be directed to Indigenous Services Canada.

Key facts

Key messages

Background

On August 6, 2021, the Government of Canada announced a mandatory requirement for federal departments and agencies to ensure that a minimum of 5% of the total value of contracts are held by Indigenous businesses by 2024 to 2025. The announcement included Canada’s commitment to continue meaningful engagement with Indigenous partners to co-develop a longer-term transformative approach to Indigenous procurement and to increase the capacity of Indigenous-owned businesses to compete and receive more federal procurement contracts.

Public Services and Procurement Canada (PSPC) did not achieve its 5% target commitment in the 2023 to 2024 fiscal year; however, concrete actions are being taken to help increase Indigenous business participation in federal procurement, including applying Indigenous-by-default measures to consider Indigenous participation in all procurements; developing Indigenous Participation Plans to boost subcontracting with Indigenous businesses and provide employment and training opportunities for Indigenous Peoples; using limited bidding among prequalified Indigenous offerors; updating supply methods to include Indigenous businesses; structuring and unbundling projects to enable competitive Indigenous bids; and incorporating weighted Indigenous criteria in bid evaluations. PSPC also continued to increase awareness of federal procurement opportunities through its outreach and engagement activities.

Starting in 2024 to 2025, PSPC’s methodology to calculate the 5% target will include the value of subcontracts awarded to Indigenous companies by non-Indigenous suppliers.

15. Key messages and considerations for the Secretary of State’s public appearances on Defence Procurement

Key messages

General:

Potential areas of interest

16. Military assistance donations to Ukraine

Quick facts

Background

Ukraine Defense Contact Group
Bilateral Materiel Cooperation

Responsible Principals: Strategic Joint Staff, Canadian Joint Operations Command, Assistant Deputy Minister (Policy), Canadian Army, Assistant Deputy Minister (Materiel)

October 11, 2025

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2026-05-22