North American Aerospace Defense Command

North American Aerospace Defense Command (NORAD) is a bi-national organization formed by the United States and Canada in 1958. NORAD encompasses aerospace warning, aerospace control, and maritime warning for North America. Its aerospace warning mission involves detection, validation, and warning of potential attacks by aircraft, missiles, or space vehicles, supported by other commands. The aerospace control mission focuses on ensuring air sovereignty and defense of Canadian and U.S. airspace. In May 2006, the renewal of the NORAD Agreement expanded its responsibilities to include maritime warning for U.S. and Canadian maritime approaches, areas, and internal waterways.

NORAD's mission is to deter, detect, and defeat air threats to both the United States and Canada, while providing aerospace and maritime warning. Although specific financial data and recent investments are not available, NORAD's crucial role in safeguarding North American airspace and waters positions it as a strategic asset for potential government and defense industry investors.