2025 year in review: National Shipbuilding Strategy

Updates on National Shipbuilding Strategy (NSS) activities from January 1 to December 31, 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), while strengthening a sovereign marine industrial base that supports highly skilled jobs across the country.

In 2025, the NSS continued its transition from long-term planning to sustained delivery. It is reinforcing Canada’s ability to equip its maritime and defence partners, while ensuring that public investments translate into real industrial capacity here at home.

Additional context

This year also marked important structural changes that will improve coordination, efficiency, and delivery across Canada’s maritime and defence ecosystem.

Taken together, these measures reflect a clear direction: a more coordinated, more efficient, and more strategic approach to how Canada invests in its maritime and defence capabilities.

Project advancements

In 2025, the National Shipbuilding Strategy achieved key milestones and made steady progress in delivering the vessels and capabilities required by Canada’s maritime partners to maintain operational readiness and carry out their critical missions. These results reflect continued progress in strengthening Canada’s shipbuilding capacity and delivering on long-term fleet renewal priorities.

The following highlights outline key achievements under the NSS in 2025.

Pillar 1: Construction of large vessels

Delivery of 2 vessels

Significant advancements made on the construction of, or pier-side work for, 7 vessels

Major progress made to prepare for new vessel construction

Progress was made for the pre-construction design work for the first flight of 6 multi-purpose icebreakers for the CCG.

Pillar 2: Construction of small vessels

Delivery of 2 vessels

Significant advancements made on the design or construction of Pillar 2 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 the end of 2025 are estimated to have contributed approximately $49.7 billion ($3.3 billion per year) to Canada's gross domestic product (GDP). They also created or maintained more than 25,000 jobs annually between 2012 and 2025.

Since 2012, over $11 billion in supplier development opportunities have been provided to Canadian suppliers. Over $2.3 billion of that amount has gone to small and medium sized enterprises.

NSS large ship construction contracts awarded between 2012 and the end of 2024 are estimated to contribute close to $23.1 billion ($1.6 billion annually) to Canada's GDP. They also create or maintain close to 12,900 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 the end of 2025 are estimated to contribute approximately $692 million ($46 million annually) to Canada's GDP. These contracts, as well as consumer spending linked to these investments, will help create or maintain close to 340 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 (ITB) Policy. This policy contractually requires companies awarded defence procurement contracts to undertake business activity in Canada equal to the value of the contracts they have won.

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

The NSS Value Proposition (VP) is designed to ensure that federal shipbuilding investments generate lasting benefits for Canada’s broader marine industry and support its long-term sustainability. Under this framework, large vessel shipyards are required to reinvest an amount equivalent to 0.5% of the value of eligible contracts in three priority areas: human resources development, technology investment, and industrial development.

As of December 31, 2025, NSS shipyards delivering large vessel projects held combined Value Proposition obligations of more than $69 million, and have identified or completed over $68 million in investments. These commitments are strengthening Canada’s marine industrial base by supporting workforce development, advancing innovation, and reinforcing domestic industrial capacity.

Consult the National Shipbuilding Strategy (NSS) page to learn more about their role in the NSS.

Cat. No.: P1-40E-PDF
ISSN: 2564-0402

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2026-05-21