Hanwha's Sub Deal Boosts Canadian Jobs, Tech

0:00It's April 29, I'm Cory with the story, and this is Canada News today, your AI-powered local news. South Korea's Hanwa is stepping up its game for Canada's massive submarine deal by promising to build armor battle vehicles right here at home. They're teaming up with the Automotive Parts Manufacturers Association to produce canine howitzers in Canada, but only if they snag the contract for. Up to 12 diesel electric subs for the Royal Canadian Navy. That deals worth over $100 billion over 30 years. This move comes after the government pushed bidders to boost local economic perks, especially for the auto sector amid tough times. Hanwa already has orders for hundreds of these vehicles from six NATO countries like Poland and Norway, plus spots like Australia and Egypt. Canada itself wants 250 of them. Industry folks see this as a big win for Canadian workers, creating jobs with fully made in Canada parts and materials. Sources say it directly answers Ottawa's call for domestic manufacturing, strengthening

1:04Hanwa's bid against rival TKMS. The partnership details drop Wednesday in Toronto, and it might expand to other Hanwa gear like rocket systems. Bidding got a three week extension earlier this month, with improved proposals due April 29. Systema plans weigh 50% in scoring, alongside economic ties at 15%. As both sides hustle for partners across Canada, this could lock in long term defense jobs and tech transfers, keeping the Navy strong while fueling our economy.