Canadian Defense Tech Firms Ride Global Military Spending Boom -- Market Talk

Dow Jones

03/18

1431 ET - Canada's defense and space-technology companies are being pulled into a global upswing of military spending, with demand increasingly shaping forecasts and strategies. Kraken Robotics is benefiting from a surge in subsea-surveillance and robotics orders, while Telesat and MDA Space are seeing stronger pipelines tied to space-based communications, Earth observation and intelligence systems. Together, these trends are creating unusually large backlogs across the sector, with MDA Space recently announcing its pipeline of opportunities doubled to C$40 billion, much of it in defense. Investor enthusiasm has followed, and shares of these Canadian defense names have rallied sharply over recent quarters, reflecting a broader shift that began as geopolitical tensions escalated in Ukraine and the Middle East. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

March 17, 2026 14:31 ET (18:31 GMT)

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