The Swedish deal, the defence bank and the West’s awakening from its long dream
Canada is negotiating a deal with Saab for new airborne radar systems, marking a shift from reliance on U.S. defense contracts. This move is part of a broader strategy to enhance domestic industrial capacity and reduce dependency on foreign defense spending. Additionally, a new multilateral Defence, Security and Resilience Bank is being established to support military rearmament among allied nations.
- ▪Prime Minister Mark Carney announced that Canada is in talks with Saab for military airborne radar systems.
- ▪The Defence, Security and Resilience Bank aims to raise US$135 billion for the rearmament of democracies.
- ▪Canada is one of only seven NATO allies with a triple-A credit rating, which it proposes to lend to the defense bank.
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Open this photo in gallery:A model of Saab's GlobalEye aircraft, a multi-domain Airborne Early Warning & Control platform, is displayed at the Canadian Association of Defence and Security Industries trade show CANSEC in Ottawa on Wednesday.Justin Tang/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountLaurence B. Mussio is a banking historian, the chair of the Long Run Institute, a fellow of the Royal Historical Society and a professor of practice at Queen’s University Belfast. Jessica M.
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