Federal Government focus on defence and the economy good news for Canadian
industry and for knowledge-based jobs in Canada
CADSI is pleased to see that its voice has been considered in changes announced today to Canada's IRB program specifically related to: the banking of IRB credits; recognition for domestic defence industrial R&D activity; credit for Canadian work performed within a global company's supply chain; and, greater focus on strategic capabilities in technology areas relevant to future military needs, Canada's national interests and export potential.
Today's announcement is an important step forward and much remains to be done. Canada's IRB program is an important tool in the government's arsenal to deliver economic benefit to
Decisions made today, and in the coming months, will help to define the shape and viability of Canada's defence and security industries for the next thirty years. 70,000 Canadians are employed in these industries and collectively they generate over
Canada's commitment, through the
Canada's defence and security industries are anxious to contribute in a meaningful way to the rebuilding of the Canadian Forces. Today's announcement is recognition of the government's confidence in Canadian industry and its commitment to leverage maximum economic advantage and knowledge-based jobs for Canadians through its acquisition decisions.
In this context, and at the request of the federal government, CADSI has launched a national consultative process designed to provide industrial advice to the government on how best to achieve these outcomes. The contents of today's timely announcement will be injected into this exercise for industry's consideration and comment. A final report by CADSI on its finding and recommendations is expected to be delivered to the government by the end of November, 2009.
CADSI represents 810 domestically-based, technology-oriented companies that supply, support and service Canada's military and security forces with world-class solutions to meet their needs. Canada's defence and security industries generate over
For further information: Tim Page, President, CADSI at (613) 235-5337 x 24, [email protected]
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