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Canadians to Spend $35B on Ship Procurement

Canadians to Spend $35B on Ship Procurement VICTORIA, British Columbia —  Defense News reports the Canadian government has announced plans to build nearly 150 ships as part of its National Shipbuilding Procurement Strategy (NSPS) and expects to spend about 35 billion Canadian dollars ($35.1 billion) over the next 20 years on NSPS construction. Domestic and foreign defense firms are gearing up for a multibillion-dollar boom in naval contracts as Canada enters a two-decade cycle of constructing 28 major warships and 116 smaller vessels.

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