Mr. Speaker, our government is delivering equipment to the Royal Canadian Navy by investing $4 billion to modernize the Halifax-class frigates and $36.6 billion in the national shipbuilding procurement strategy. The joint supply ship project will deliver two ships and will replace the navy's Protecteur-class vessels that are now more than 40 years old and nearing the end of their service lives. The navy is currently investigating all options to address the immediate impact of retiring these two vessels.
In the House of Commons on September 24th, 2014. See this statement in context.