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The Canadian government has set aside $1.4 billion for domestic defence manufacturers to expand ammunition production.
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National Defence Minister David McGuinty announced the funding on Wednesday in Ingersoll, Ontario, where IMT Precision will receive as much as $305.4 million to establish a new facility that will produce empty metal shells.
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The government says the facility will create at least 75 full-time jobs, and as many as 400 jobs at full production.
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The government has also reached three contribution agreements with General Dynamics Corp. in Quebec. That money will help construct a nitrocellulose facility and support production of 155mm high-explosive projectiles.
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“We are building critical capabilities here at home, reducing reliance on foreign sources, and providing the Canadian Armed Forces with dependable access to the materiel they need,” McGuinty said in a statement.
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The funding is being provided under the Canadian Defence Industry Resilience Program, which was rolled out this year as part of the government’s defence industrial strategy.
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Prime Minister Mark Carney’s government has set goals for a huge increase in Canada’s defence production capacity as the country prepares to meet the long-term target of the North Atlantic Treaty Organization — five per cent of gross domestic product toward defence and related spending.
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