Certainly. This budget delivers generational investments in Canada's defence. We're investing billions in our capabilities, our infrastructure and our people to ensure that the CAF can protect Canada and Canadians in a more complex and dangerous world. The investments that we're making are strengthening both our security and our economy.
We're committing $1.4 billion over the next 20 years to CAF housing projects nationwide. We're modernizing across all domains with planned investments in aircraft, submarines and light utility vehicles, ensuring that CAF has the equipment it needs, both at home and alongside our allies abroad. We will meet NATO's 2% defence spending target this fiscal year, and we are accelerating investments to put Canada on a path to meeting NATO's 5% defence investment pledge by 2035.
This is a clear commitment to CAF and to Canadians. We are rearming, rebuilding and reinvesting in the Canadian Armed Forces while delivering economic benefits for Canadians today and long into the future.