Canada will spend almost $2 billion over four years on 190 armoured combat support vehicles that will be built by London, Ont.-based General Dynamics Land Systems-Canada, Prime Minister Mark Carney announced on Thursday. 

Speaking in the southwestern Ontario city, Carney told reporters that the new vehicles will boost Canada’s fleet of armoured combat support vehicles to 550 and will serve as key military assets for “decades to come.”

“Today’s announcement is our defence industrial strategy in action. Our bold plan to get our Armed Forces what they need, when they need it, to scale Canadian defence companies and to put hundreds of billions of dollars to work in the strategic sectors of our economy. We have a simple framework: build, partner, buy,” Carney said.