Thank you, Mr. Chair.
Welcome back to the committee, Minister and officials. Thank you again for the wonderful announcement in my riding last week. It was a real pleasure to welcome you to St. John's East.
Minister, when we speak about the national shipbuilding strategy, we often have major projects in mind, things like the icebreakers. You mentioned in your opening remarks that Davie shipyard is now the third shipyard under the NSS. While you were in Newfoundland and Labrador last week, you made that amazing announcement of $2.5 billion in funding for the renewal of the Canadian Coast Guard's small vessel fleet.
Could you elaborate on this market-moving announcement for the marine industry across Canada, and what it represents for all provincial and territorial economies?