Ottawa, Ontario – Prime Minister Mark Carney has announced the creation of the Defence
Investment Agency, a new body designed to accelerate and modernize Canada’s defence
procurement. This initiative is part of the government’s broader commitment to rebuild, rearm,
and reinvest in the Canadian Armed Forces.
“This new agency is a bold step forward in ensuring our Armed Forces are equipped to meet
today’s challenges. It also represents a major opportunity for Canadian workers and
businesses—especially in regions like Peel—to contribute to our national security and economic
growth.” said Sonia Sidhu, MP for Brampton South.
Currently, defence procurement is fragmented and slow, often delaying critical equipment for
years. The new agency will streamline processes, reduce red tape, and ensure the military gets
the tools it needs—on time.
Key Objectives of the Defence Investment Agency:
- Faster Procurement: Centralized approvals and specialized staff will speed up
acquisitions. - Domestic Growth: Defence investments will support Canadian industries like
aerospace, shipbuilding, and advanced manufacturing—creating high-paying jobs and
boosting innovation. - Strategic Engagement: Earlier collaboration between the military and industry will
improve planning and readiness. - Global Partnerships: The agency will align Canada with allies such as the UK,
Australia, and France, and support NATO and EU defence initiatives.
To lead this effort, Doug Guzman has been appointed CEO. With decades of experience in
finance and investment, including senior roles at RBC and Goldman Sachs, Mr. Guzman will
drive the agency’s mission to strengthen Canada’s defence capabilities and industrial base.
“Canada’s leadership must be defined not only by the strength of our values, but also by the
value of our strength.”
— Rt. Hon. Mark Carney, Prime Minister of Canada
“We will bring speed and simplicity to the process of arming our military, while building Canada’s
industrial capacity.”
— Doug Guzman, CEO, Defence Investment Agency
