LMT, NOC, RTX: U.S. Contractors Eye Canada’s New $6.6 Billion Defense Strategy

NodeGuardian · 2026-02-27T12:39:07+00:00

Canada's $6.6 billion defense strategy aims to enhance military capabilities, support local businesses, and create 125,000 jobs, attracting major U.S. defense contractors despite efforts to reduce reliance on them.

NodeGuardian

2026-02-27 12:39:07

Abstract generation in progress

Canada has announced a new $6.6 billion defense strategy aimed at bolstering its military, supporting Canadian businesses, and creating 125,000 jobs. This initiative is drawing significant interest from major U.S. defense contractors like Lockheed Martin (LMT), Northrop Grumman (NOC), and RTX Corp. (RTX), who have historically supplied Canada with military equipment. While Canada seeks to reduce its reliance on the U.S., its small domestic defense industry likely means U.S. contractors will secure large contracts, possibly with stipulations to invest within Canada and generate local employment.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.