Thank you, Madam Chair.
Our funding programs generate strong returns on investment: for every dollar the CSA invests through its R and D support programs, Canadian companies generate more than three dollars in additional follow-on revenue.
With more than 200 organizations, the Canadian space sector is an economic engine, contributing $3.8 billion to Canada's GDP, pulling in $5 billion in revenue and supporting over 28,000 jobs in 2024.
Like most countries, space procurements in Canada are exempt from global trade agreements, which allows the application of policies—such as Canadian content and, now, buy Canadian—to mature those technologies. This is important because about half of the revenues for Canadian companies come from global markets, and because it has enabled Canada to develop expertise in space robotics, synthetic aperture radar satellite systems and much more.
Space is increasingly competitive, congested and contested. There are over 40,000 pieces of space debris in low Earth orbit, and the CSA and other organizations around the world closely monitor debris in order to avoid collisions with spacecraft. We work with others around the world on the rules and norms of engagement in space, as irresponsible conduct by one poses risks for all in this precious environment.
The CSA's systems are highly secure, and increasingly targeted, requiring continuous investments in cybersecurity and resilience. As space solutions and services increasingly power our daily lives, CSA works in close collaboration with the Department of National Defence, Environment and Climate Change Canada, Natural Resources Canada and many organizations, in supporting the development of space technologies and sovereign capabilities.
To conclude, space is inherently international, with the harsh and lethal environment leading to high costs, thus forcing collaboration. The CSA has a long-standing relationship with counterparts in the United States, Japan and many other countries. Since 1979, we've been a co-operating state member of the 27-country European Space Agency, gaining access to important missions for Canadian companies.
The CSA ensures that space activities serve the public interest by advancing science, supporting government operations, strengthening the economy, delivering benefits to Canadians and inspiring the next generation.
Thank you.