www.vanguardcanada.com FEBRUARY/MARCH 2026 11
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Flowing River Capital's acquisition of Marshall Land Systems
marks a historic milestone for Indigenous economic leader-
ship, Canada's defence industrial base, and national sovereign
capability. Flowing River Capital's acquisition establishes the
company as the largest Indigenous-owned defence company
in Canadian history, representing a tangible step forward in
Indigenous economic reconciliation, while simultaneously
strengthening Canada's defence industrial base and reinforc-
ing sovereign capability for the Canadian Armed Forces. Mar-
shall Land Systems has long been a trusted partner to the
Canadian Armed Forces, delivering specialized defence and
expeditionary capabilities designed to operate in some of the
world's harshest environments. Indigenous Canadian owner-
ship strengthens Canada's domestic defence industrial base
at a time when sovereign capability, supply-chain resilience,
and national readiness are top priorities. The acquisition
also reinforces Atlantic Canada's role as a hub of advanced
manufacturing and skilled industrial employment, supporting
long-term regional prosperity. Marshall Land Systems' contin-
ued focus on mission readiness—particularly in extreme and
northern environments—remains central to its role within
Canada's defence architecture.
A New Chapter in Indigenous-Owned Defence Leadership
Takes Shape in Moncton
Event Speakers (le to right): The Hon. Ginette Petitpas Taylor,
Member of Parliament for Moncton—Dieppe; Thomas Benjoe,
CEO of Flowing River Capital; Cadmus Delorme, Chairperson of
Flowing River Capital; Traci Simmons, CEO of Opportunities NB;
Alain Gauthier, VP - North America of Marshall Land Systems;
Gareth Williams, CEO of Marshall Land Systems; Daniel Bourgeois,
Councillor, Ward 2, City of Moncton.
