Overview
- Hanwha Aerospace, which signed the MOU Wednesday with Canada’s Automotive Parts Manufacturers’ Association, proposes a joint venture to design and build non-commercial military and special-purpose vehicles in Ontario.
- The venture will go ahead only if Hanwha Ocean is selected for the Canadian Patrol Submarine Project, a plan to buy up to 12 diesel-electric submarines.
- Following Wednesday’s deadline for Ottawa’s extended amendment period, the offer aims to strengthen domestic commitments in a two-way race between Hanwha’s KSS-III proposal and Germany’s TKMS with its 212CD.
- Hanwha says the Canadian operation would use local workers and materials such as Canadian steel and aluminum, and could produce systems like the K9 howitzer, K10 resupply vehicle, Redback infantry vehicle, Chunmoo rocket launcher, and uncrewed ground vehicles.
- Hanwha and its partners cite KPMG estimates that the investment could average 22,500 full-time jobs a year from 2026 to 2044 and add C$94.1 billion to GDP, though those figures are bidder-supplied projections.