Related News

Bitcoin’s Market Potential May Surpass Gold Amid Iran-US War: Bitwise

Bitcoin’s Market Potential May Surpass Gold Amid Iran-US War: Bitwise

April 15, 2026
Bitmine Expands Ethereum Treasury To 5.7 Million ETH After Latest Purchase

Bitmine Expands Ethereum Treasury To 5.7 Million ETH After Latest Purchase

June 29, 2026
Meteorites from viral June fireball event recovered from island in Lake Huron

Meteorites from viral June fireball event recovered from island in Lake Huron

July 27, 2026

Browse by Category

  • Canadian news feed
  • Crypto
  • Faith
  • Geothermal
  • Golf news
  • Hockey news
  • Running & fitness
  • Skateboarding
  • Sports & Fitness
  • WeMaple news

Related News

Bitcoin’s Market Potential May Surpass Gold Amid Iran-US War: Bitwise

Bitcoin’s Market Potential May Surpass Gold Amid Iran-US War: Bitwise

April 15, 2026
Bitmine Expands Ethereum Treasury To 5.7 Million ETH After Latest Purchase

Bitmine Expands Ethereum Treasury To 5.7 Million ETH After Latest Purchase

June 29, 2026
Meteorites from viral June fireball event recovered from island in Lake Huron

Meteorites from viral June fireball event recovered from island in Lake Huron

July 27, 2026

Browse by Category

  • Canadian news feed
  • Crypto
  • Faith
  • Geothermal
  • Golf news
  • Hockey news
  • Running & fitness
  • Skateboarding
  • Sports & Fitness
  • WeMaple news
WEMAPLE NEWS - Brand Partnerships
  • Home
  • Canadian news feed
  • Skateboarding
  • Sports & Fitness
    • Golf
    • Hockey
    • Running & fitness
  • Faith
  • Geothermal
  • Crypto
  • WeMaple news
No Result
View All Result
CONTRIBUTE
WEMAPLE NEWS - Brand Partnerships
  • Home
  • Canadian news feed
  • Skateboarding
  • Sports & Fitness
    • Golf
    • Hockey
    • Running & fitness
  • Faith
  • Geothermal
  • Crypto
  • WeMaple news
No Result
View All Result
WEMAPLE NEWS - Brand Partnerships
No Result
View All Result
Home Canadian news feed

Hanwha promises military vehicle deal for Algoma Steel if it gets Canadian sub contract

WeMaple AI by WeMaple AI
June 1, 2026
in Canadian news feed
0
Hanwha promises military vehicle deal for Algoma Steel if it gets Canadian sub contract
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Three top South Korean officials moved to strengthen Hanwha Ocean’s bid to build Canada’s new submarine fleet with a reinforced partnership between the shipyard and Canada’s Automotive Parts Manufacturers Association (APMA) and Algoma Steel on Monday.

You might also like

The man who phoned in Canada’s most famous UFO sighting became the face of the mystery

Lurkers in the deep: How Canada’s new submarines will be used in peace and potential war

Evacuations underway as fast-growing wildfires threaten communities in B.C.’s Interior

Presidential Special Envoy Kang Hoon-sik, Lee Yong-cheol, the minister of the Defense Acquisition Program Administration (DAPA) and Moon Shin-hak, the country’s vice-minister of trade, industry and resources (MOTIR), were present at the signing of the partnership at Martinrea International in Vaughn, Ont.

All three said the visit underscores the industrial commitment South Korea is prepared to make in the event Hanwha Ocean wins the multibillion-dollar submarine contract.

They revealed the Hanwha Group had signed an additional memorandum with the APMA and Algoma to use Canadian steel in the parts manufacturing of armoured vehicles at Martinrea.

“This partnership is significant because it seeks to establish a complete Canadian supply chain — from raw materials and components to final vehicle production — entirely within Canada,” said Kang.

“The Korean government expects this collaboration to contribute meaningfully to Canada’s industrial sovereignty, economic resilience, national security and job creation.”

They also say the agreement further responds to the government of Canada’s calls for the contract bidders to support Canada’s automotive and steel sectors.

The South Korean company has dangled the prospect of an assembly facility for military ground vehicles as part of its industrial benefits pitch.

Prime Minister Mark Carney said last week that his government is prepared to decide between the Hanwha bid and a competing proposal from Germany’s ThyssenKrupp Marine Systems (TKMS) by the end of the month. 

The South Korean navy recently showcased the KSS-III submarine it wants to sell to Canada during a port visit in Victoria.

The signing of the agreements by such a high-level delegation “sends a powerful signal that the Korean government is serious about building real, lasting capability here in Canada, with Canadian companies,” said Flavio Volpe, president of the APMA.

“Our members came ready to discuss practical opportunities, and they are ready to help build the next generation of Canadian defence manufacturing.”

Volpe added there would be big benefits to Canada’s manufacturing sector if the federal government chooses Hanwha to supply the submarines.

“The economic activity that comes from that deal for automotive, is the equivalent of one new car plant here,” Volpe said. “What that means is probably 15,000 direct jobs through the supply chain and another 15,000 that are indirect.”

TKMS — backed by the German and Norwegian governments — is pitching the Type 212CD submarine, an updated version of the company’s existing Type 212 design which is in service with several allied navies. 

Both companies have been busy signing partnership agreements in anticipation of the Canadian government’s decision.

On Friday, TKMS and CAE, the Canadian simulator and training giant, signed an agreement aimed at strengthening their existing collaboration.

“Modern naval operations require highly adaptive training environments that evolve alongside emerging threats,” said Oliver Burkhard, CEO of TKMS, in a statement.

“This agreement with CAE represents an important step in strengthening our collaboration and expanding our ability to deliver integrated naval training and simulation solutions. By combining our expertise, we are well positioned to support operational readiness and long-term capability development for naval forces operating in increasingly complex environments.”

Read Entire Article
Tags: Canada NewsCBC.ca
Share30Tweet19
WeMaple AI

WeMaple AI

Recommended For You

The man who phoned in Canada’s most famous UFO sighting became the face of the mystery

by WeMaple AI
August 2, 2026
0
The man who phoned in Canada’s most famous UFO sighting became the face of the mystery

As 17-year-old Laurie Wickens drove some friends home from a dance on a clear October 1967 night, he spotted lights in the skyAs he travelled on Highway 3...

Read more

Lurkers in the deep: How Canada’s new submarines will be used in peace and potential war

by WeMaple AI
August 2, 2026
0
Lurkers in the deep: How Canada’s new submarines will be used in peace and potential war

"Canada's next submarine fleet will secure our coastlines and waters," Prime Minister Mark Carney said early last month in announcing the choice of Germany's ThyssenKrupp Marine Systems as...

Read more

Evacuations underway as fast-growing wildfires threaten communities in B.C.’s Interior

by WeMaple AI
August 2, 2026
0
Evacuations underway as fast-growing wildfires threaten communities in B.C.’s Interior

Evacuations are underway around two fast-growing wildfires in BC’s Interior, one near the Okanagan Lake and another in the East KootenayTwo separate evacuation orders have been issued as...

Read more

Weather conditions expected to spark new wildfires, accelerate fire growth, B.C. Wildfire Service says

by WeMaple AI
August 1, 2026
0
Weather conditions expected to spark new wildfires, accelerate fire growth, B.C. Wildfire Service says

The BC Wildfire Service (BCWS) warns an approaching cold front could spark new wildfires and cause existing fires to spread rapidly because of strong winds and possible lightning"The...

Read more

Montreal police investigating suspicious fire at kosher restaurant

by WeMaple AI
August 1, 2026
0
Montreal police investigating suspicious fire at kosher restaurant

Police are investigating a suspicious fire that broke out overnight at a kosher restaurant in Montreal's Côte-des-Neiges–Notre-Dame-de-Grâce borough (CDN-NDG)The two-alarm fire broke out at

Read more
Next Post
Attorney Says Swapping XRP for XLM Was Not Necessarily an ‘Incorrect Call’

Attorney Says Swapping XRP for XLM Was Not Necessarily an ‘Incorrect Call’

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Bitcoin’s Market Potential May Surpass Gold Amid Iran-US War: Bitwise

Bitcoin’s Market Potential May Surpass Gold Amid Iran-US War: Bitwise

April 15, 2026
Bitmine Expands Ethereum Treasury To 5.7 Million ETH After Latest Purchase

Bitmine Expands Ethereum Treasury To 5.7 Million ETH After Latest Purchase

June 29, 2026
Meteorites from viral June fireball event recovered from island in Lake Huron

Meteorites from viral June fireball event recovered from island in Lake Huron

July 27, 2026

Browse by Category

  • Canadian news feed
  • Crypto
  • Faith
  • Geothermal
  • Golf news
  • Hockey news
  • Running & fitness
  • Skateboarding
  • Sports & Fitness
  • WeMaple news
WEMAPLE NEWS – Brand Partnerships

Wemaple will be firmly committed to the public interest and democratic values.

CATEGORIES

  • Canadian news feed
  • Crypto
  • Faith
  • Geothermal
  • Golf news
  • Hockey news
  • Running & fitness
  • Skateboarding
  • Sports & Fitness
  • WeMaple news

BROWSE BY TAG

AZO Clean Tech Bitcoinist Bitcoinmagazine Canada News CBC.ca Celebrity News Christian Post CoinPedia Corporate Knights Crypto Cryptoslate Faith Geothermal Golf Hockey Lifehacker Ludwig-van.com NcrOnline newsbtc Skateboarding tomsguide.com Utah news dispatch

© 2025 wemaple.canadiana.news - all rights reserved. YYC TECH CONSULTING.

No Result
View All Result
  • Home
  • Canadian news feed
  • Skateboarding
  • Sports & Fitness
    • Golf
    • Hockey
    • Running & fitness
  • Faith
  • Geothermal
  • Crypto
  • WeMaple news

© 2025 wemaple.canadiana.news - all rights reserved. YYC TECH CONSULTING.