The Liberal government has unveiled its long-awaited, long-promised agency to co-ordinate and speed up the purchase and delivery of equipment to the Canadian military.

The new Defence Investment Agency (DIA) was announced by Prime Minister Mark Carney's office in a statement Thursday morning.

The new organization will be expected to consolidate procurement processes by removing duplicative approvals and red tape. It is also intended to provide the defence industry with greater clarity and certainty on the government's plans.

With a centralized process of review, Carney said projects will proceed faster.

"In a dangerous and divided world, Canada's new government is ensuring the Canadian Armed Forces get the equipment they need, when they need it," the prime minister said in a written st

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