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Lockheed Martin CDR (CAD Hedged)
Symbol LMT
Shares Issued 1,000,000
Close 2026-07-03 C$ 30.71
Market Cap C$ 30,710,000
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Globe says CIBC, others lining up for defence lolly

2026-07-06 09:08 ET - In the News

See In the News (C-CM) Canadian Imperial Bank of Commerce (CIBC)

The Globe and Mail reports in its Monday edition that businesses, banks and schools are flocking in record numbers to join the Canadian defence industry's leading association and register for key programs to gain a foothold in the sector ahead of an influx of federal funds. The Globe's Pippa Norman writes that as of June 25, the Canadian Association of Defence and Security Industries, or CADSI, had an all-time high of 1,788 members, up roughly 750 members from last year and almost 1,400 more than its record low in 2021. Founded in 1983, Ottawa-based CADSI provides its members with insight into the needs of the Canadian Armed Forces, as well as events, networking opportunities and a lobbying presence on Parliament Hill. Traditionally, the association has been composed of mostly defence-focused companies throughout Canada, including the likes of contractors such as Lockheed Martin and General Dynamics. Lately, however, CADSI has seen an increase in its membership across the board, including entities that may not have shown interest in the sector previously but are now being spurred by the federal government's booming defence budget to pay attention. Among Canada's Big Six banks, only TD and BMO are not members of CADSI.

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