Thank you, Mr. Chair.
Thank you for your opening statements, gentlemen.
I'm glad that all of you recognize the serious issues Canada has experienced in the past few years when it comes to shipbuilding. My biggest concern today is moving forward and doing better. Above all, the cost overruns have to stop; these projects are becoming completely cost-prohibitive.
Vice-Admiral Baines, my first question is about capability.
Is the Royal Canadian Navy worried that it will have a capability gap like the one faced by the Royal Canadian Air Force? The existing frigates are being adapted to extend their life, but will they reach the end of their lifespan before the new vessels arrive?
Does that worry you?