Let's see, the Liberals cancelled the SeaKing replacement in 1993 and many are still flying waiting for replacements. The Liberals bought a few used submarines and the days they have actually spent at sea can be counted on your fingers and toes.
What are the odds that they will botch up the defence review? Rather high I suspect. My guess is most money won't be budgeted till after the next election. Which really means, under the Liberals it will never be seen. Too much social engineering yet to do.