OTTAWA – The Liberal government awarded a contract worth $307 million to Kitchener-based manufacturer Colt Canada on Thursday, to produce 65,402 rifles for the Canadian Army. The procurement will come in two phases, with the first 30,000 Canadian Modular Assault rifles set to be delivered over the next three years. The procurement will replace the CAF’s aging arsenal of C7/C8 rifles that have been in service for nearly 35 years. Colt Canada, formerly known as Diemaco, is a subsidiary of parent company Colt CZ Group, based out of Prague, Czech Republic. Defence Minister David McGuinty said Canada will meet its two per cent of GDP defence spending target by March 31.

Source: National Post March 19, 2026 16:01 UTC