Defense Products and Services
A Top Export Prospect for Canada
Overview
Canada is the sixth highest defense spending economy within the NATO alliance, and the 13th largest military spender in the world at $23.7 billion in 2010. In 2010, Canada imported $4.4 billion of U.S. defense products and services.
Under the Canada First Defence Strategy, military spending reached 21.8 billion in FY2010/11. Total military spending over the 20-year life of the program is expected to reach $480.7 billion. $83.4 billion to be dedicated to capital purchases of air, land and marine equipment between FY2012/13 and 2027/28. The Canada First Defence Strategy includes a $34.3 billion National Shipbuilding Procurement Strategy designed to rebuild the Royal Canadian Navy and the Canadian Coast Guard fleets over the next 30 years.
Sub-Sector Best Prospects
- Major weapons systems, and services to upgrade/extend its life time (air, land, water)
- Hull and propulsion technology
- Naval communication and warfare sensors
- Anti-terrorist technologies and services
Opportunities
The GlobalBizOpps program can assist firms target and win procurement contracts.
Major upcoming events/trade shows supported by CS Canada in this sector:
- CANSEC: May 30-31, 2012, Ottawa, Ontario
- DEFSEC Atlantic 2012: September 5-7, 2012, Halifax, NS
- SecureTech 2012: October 30-31, 2012, Ottawa, ON
Web Resources
