Canada Defence Tenders

The Canadian defence market is a significant and growing sector, driven by the country's strategic location, complex security challenges, and strong commitment to national defence. In 2023, the market is estimated to be worth around CAD$20.5 billion, and it is expected to grow at a CAGR of over 3% during the period 2024-2028.

The Canadian government is the primary driver of defence spending, with the 2023-24 defence budget reaching CAD$32.7 billion. This substantial investment is aimed at modernizing the Canadian Armed Forces (CAF) and enhancing its capabilities to meet emerging threats.

The main defence products and services procured by the Canadian government include:
Platforms: Aircraft, ships, submarines, land vehicles, and weapons systems.
Electronic warfare systems: Radar, sonar, and communications systems.
Cybersecurity solutions: Software, hardware, and services to protect against cyberattacks.
Logistics and support services: Maintenance, training, and supply chain management.

The key government agencies responsible for defence procurement in Canada include:
Department of National Defence: The lead agency for defence policy and procurement.
Public Services and Procurement Canada (PSPC): Responsible for managing the procurement of goods and services for the government, including defence equipment and services.
Innovation, Science and Economic Development Canada (ISED): Administers the Industrial and Technological Benefits (ITB) Policy, which requires that foreign defence contractors provide economic benefits to Canada in exchange for winning contracts.

Major Canadian and international companies are involved in supplying defence products and services to the Canadian government, including:
Boeing: Aircraft manufacturer.
Lockheed Martin: Aerospace and defence company.
General Dynamics: Aerospace and defence company.
Raytheon Technologies: Aerospace and defence company.
L3Harris Technologies: Aerospace and defence company.

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