Canada hired an ex-Goldman Sachs banker to revive its military. Investors are excited [Yahoo! Finance Canada]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance Canada
Ottawa unveiled its new Defence Investment Agency in October, tasked with centralizing and accelerating military procurement. It will focus on projects worth $100 million or more. The first slate of projects includes new submarines, Arctic surveillance radar, and aircraft. Carney has tapped Doug Guzman to be its CEO. Guzman was previously deputy chair at Royal Bank of Canada, following stints as an investment banker at RBC's capital markets division, and Goldman Sachs. “He's going to be responsible for really stimulating the sector,” said Craig Aucoin, a portfolio manager at ValueTrend Wealth Management. “The government has said, ‘We're going to put up an agency here like we haven't done before. We're not just going to throw dollars at it.'” “It's a very large and material opportunity,” added Ian Chong, a portfolio manager at Toronto-based First Avenue Investment Council. If the federal government follows through, it will mark a major spending shift for Canada. According to a
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GS
Earnings
- 10/14/25 - Beat
GS
Sec Filings
- 12/23/25 - Form 424B2
- 12/22/25 - Form 424B2
- 12/22/25 - Form 424B2
- GS's page on the SEC website