Thank you to all the witnesses for your opening statements and for appearing at the industry committee.
Mr. Smith, I'm going to start with you.
As a chief operating officer for a defence investment firm, you're familiar with the industrial and technological benefits policy. Conservatives definitely support benefits of defence contracts flowing to Canadian industry, but increasingly I've become concerned with some of the issues that have been raised with the policy.
I'm wondering if you feel that a comprehensive audit of the ITB might be beneficial to identify opportunities to maximize impacts on domestic industry.