CADSI Commends Federal Government's Ongoing Support of Canada's Defence and Security Industries

OTTAWA, Sept. 29, 2011 /CNW/ - The President of the Canadian Association of Defence and Security Industries (CADSI), Tim Page, made the following statement following the address of the Honourable Julian Fantino, Associate Minister of National Defence, to 300 military, civilian and industry leaders this morning: "We are pleased that the Hon. Julian Fantino chose CADSI for  his first major public address to the leadership of  Canada's defence and security industries  since he was appointed as Associate Minister of National Defence."

CADSI members were encouraged when Minister Fantino said "We are fully committed to working with you to strengthen our delivery of new equipment at the best price for taxpayers, with the best benefits for Canadian companies and workers. Our comprehensive, ongoing approach is a win-win for the Canadian Forces and the Canadian economy."

Minister Fantino's address provides a clear and important connection between defence and the economy and the government's commitment to create and implement a procurement strategy that maximizes jobs, innovation and economic activity in Canada from defence spending.

In this time of global economic uncertainty, Minister Fantino's call to modernize existing procurement processes so as to achieve the dual objective of more efficiently equipping our men and women in uniform to achieve their mission and ensuring the highest possible return on investment for Canadian taxpayers and the economy was also well received by industry leaders.

There are a number of important procurements in the pipeline today that will provide a litmus test for both the government and for Canada's defence and security industries, as to how we are doing in achieving the objectives laid out by the Minister this morning. CADSI will continue to work with Minister Fantino and his colleagues to help the government to achieve its important goals of an efficient and effective procurement process and maximum opportunities from defence spending for the 90,000 workers employed in Canada's defence and security industries."

About CADSI:

CADSI is a national, not-for-profit business association that represents the collective interests of its members. Its 860 member companies employ 90,000 knowledge-based workers and generate $10 billion a year in direct military sales to the Canadian and foreign governments.

SOURCE Canadian Association of Defence and Security Industries (CADSI)

For further information:

Contact: Tim Page - (613) 235-5337 x 24; tim@defenceandsecurity.ca

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Canadian Association of Defence and Security Industries (CADSI)

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