Canada targets millions of drones, with a third going to Ukraine

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeInnovationNewsCanada targets millions of drones, with a third going to UkraineThe prime minister said Canada will also launch a national drone marketplace, based on a successful Ukrainian modelAuthor of the article:Nojoud Al Mallees, Iain Boekhoff and Aliaksandr KudrytskiCanada and Ukraine will partner to jointly produce uncrewed systems, counter-drone technologies and priority munitions. Photo by COLE BURSTON/AFP via Getty ImagesPrime Minister Mark Carney and President Volodymyr Zelenskyy signed a declaration of a 100-year partnership between their two countries, as Canada pledged to boost its drone production capacity and send one-third to Ukraine.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountCarney said the agreement, signed by the two leaders in Calgary on Thursday, will build up Canada’s sovereign drone capabilities and deepen ties with Ukraine. The United Kingdom inked a similar partnership with Ukraine last year.“In the coming months, we will codify a long-term framework for cooperation across defence and security, trade and investment, reconstruction, energy, critical minerals and technology,” Carney said in prepared remarks.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againThe prime minister said Canada will also launch a national drone marketplace, based on a successful Ukrainian model. It will give the Canadian Armed Forces direct access to about 400 suppliers, which he said will increase the number of drones available to the military tenfold.“This is a key part of our plan to build the industrial capacity to produce millions of drones within the next two years,” Carney said. “And, importantly, one third of all the drones we manufacture will go to support Ukraine’s defence of its homeland.”General Dynamics Mission Systems Canada and GreenTech, a Ukrainian defence manufacturer, signed an agreement to boost industrial cooperation.Canada and Ukraine will partner to jointly produce uncrewed systems, counter-drone technologies and priority munitions, which would combine “Ukrainian battlefield experience with Canadian manufacturing, software and AI,” Carney said.Russia continued its strikes against Ukraine on Thursday, killing four people and injuring more than 60 in a drone attack on a shopping mall in the central city of Pavlohrad, Zelenskyy said on X. Dozens more were wounded in bomb strikes on the eastern city of Kramatorsk.“We are working as intensively as possible with our partners so that we can protect Ukrainians from this Russian terror,” Zelenskyy said on X.As well, Canada and Ukraine finalized a $350 million agreement to deliver air defence interceptors through the United States Jumpstart mechanism.Canada is also providing $430 million in guaranteed loans for Ukraine to purchase natural gas.While Ukraine can intercept a large share of Russian drones, it faces a dangerous shortage of advanced air-defence missiles needed to counter ballistic attacks.Ukraine has meanwhile stepped up strikes on Russian energy facilities in an effort to undermine the Kremlin’s ability to finance the war. In an unprecedented attack this week, Ukrainian drones targeted Russian gas assets in a remote Arctic region on Wednesday.—With assistance from Melissa Shin.We apologize, but this video has failed to load.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.

Original Source

Read the full article at Financialpost →

KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.