1st Canadian firm awarded contract under European rearmament deal

1st Canadian firm awarded contract under European rearmament deal

$10M contract to supply tactical radios made in Canada to Poland's military

Montreal-based Marconi Technologies is the first Canadian company to land a contract under the SAFE agreement Canada signed with the European Union.

Prime Minister Mark Carney unveiled the news on Monday at the G7 leaders' summit in Évian-les-Bains, France.

The Prime Minister's Office says Marconi won a contract under the Security Action for Europe deal is worth more than $10 million.

Marconi will supply tactical radios made in Canada to Poland's military.

The Canadian firm will partner with Polish company Enamor International, with deliveries expected to begin this year and run through to 2030.

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Canada has officially joined the EU's loans-for-weapons program

The European Parliament formally welcomed Canada into the defence borrowing and procurement agreement known as SAFE in May, the only non-European country to join.

The program grants preferential access to defence contracts financed through low-interest loans under the agreement and is part of a broader initiative aimed at reducing the continent's military reliance on the United States and building up the continent's militaries.

Catherine Morrison is a reporter for The Canadian Press.