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Colt Canada of Kitchener, Ont., is to supply up to 65,402 new assault rifles, the Defence Investment Agency (DIA) announced, with the first tranche of 30,000 to cost the government about $307 million over the next three years. (The Logic)
Talking point: Colt Canada—a subsidiary of Czech holding company Colt CZ since 2021—has promised the rifles will contain at least 80 per cent Canadian content, the DIA said. In a separate announcement, the agency said MDA Space will be paid $32 million to set up and maintain observatories in Alberta, Manitoba and New Brunswick to monitor threats to satellites and other space assets. The three sites, expected to be operational by 2028, are only part of a wider project expected to cost at least $250 million in all.
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