Thank you, Mr. Chair.
Thank you to our witnesses for coming.
I would also like to thank my colleague for the very important land acknowledgement. I'd also like to recognize that my questions are coming from the traditional territories of the Musqueam and the Coast Salish peoples.
National Defence reports that it introduced a new funding model, the capital investment fund, in 2017 that allows for flexibility to adapt the annual capital funding levels to align with the actual funding requirements of the projects. Can you describe how this new model works?