Mr. Speaker, a renewed federal fleet is a key enabler of important government priorities, including our sovereignty, preserving our fish stocks, monitoring the impact of climate change, and supporting the Canadian economy by creating jobs.
To date, more than 300 Canadian companies have received work as a result of the shipbuilding strategy. The vessels will be built in Canada. It is estimated that the shipbuilding strategy will create up to 15,000 jobs and more than $2 billion in annual economic benefits over the next 30 years.