Latest news with #CANSEC2025
Korea Herald
3 days ago
- Business
- Korea Herald
Hanwha teams up with Canadian industry to advance submarine project bid
Korean shipbuilder Hanwha Ocean said Friday it has partnered with leading Canadian security and defense firms to strengthen its bid for a Canadian submarine project with an estimated value of up to 60 billion Canadian dollars ($43.4 billion). Alongside its parent company, Hanwha Aerospace, Hanwha Ocean signed agreements with cybersecurity provider BlackBerry and marine defense systems developer L3Harris MAPPS during Canada's Global Defence & Security Trade Show, known as CANSEC 2025. The two-day event, Canada's largest defense industry gathering, began Wednesday and featured Hanwha as the only participating Korean defense company. The agreements were signed in the presence of Michael Coulter, CEO of Hanwha Global Defense, who oversees global operations for Hanwha Aerospace and Hanwha Ocean, along with Phil Kurtz, chief legal officer of BlackBerry, and Rich Foster, vice president of L3Harris Technologies Canada. 'We see significant opportunities for synergies between Hanwha Ocean and these Canadian partners -- BlackBerry and L3Harris,' said CEO Coulter. 'With the signing of these MOUs, Hanwha can begin developing strategic relationships with these partners, which will also enhance and strengthen the relationship between Canada and South Korea.' Hanwha expects the partnerships will tighten its alignment with Canadian industry and provide an opportunity to leverage its partners' long-standing experience with the Canadian Navy, in particular giving new momentum to its bid for Canada's submarine procurement plan, which includes up to 12 vessels. Hanwha Ocean, with extensive submarine manufacturing experience, is collaborating with another Korean shipbuilding giant, HD Hyundai Heavy Industries, to propose advanced KSS-III-class submarines, designed and built using domestic Korean technology.
Canada Standard
6 days ago
- Automotive
- Canada Standard
Royal Canadian Air Force to unveil names and liveries for Future Aircrew Training program aircraft
May 26, 2025 - Ottawa - National Defence / Canadian Armed Forces Following the Government of Canada's May 2024 announcement of the acquisition of 71 new aircraft as part of the Future Aircrew Training (FAcT) program, Lieutenant-General Eric Kenny, Commander, Royal Canadian Air Force, will unveil the aircrafts' official names and liveries (paint schemes) at CANSEC 25. The FAcT program, operated in collaboration with SkyAlyne, is the next-generation RCAF Aircrew training initiative, worth $11.2 billion, that will enable aviators to operate aircraft for Canada's rapidly modernizing Air Force over the next 25 years. What: The official names and liveries (paint schemes) for the training fleets being procured as part of the Future Aircrew Training program will be unveiled. Who: Lieutenant-General Eric Kenny, Commander, Royal Canadian Air Force When: 10:15 a.m. on Wednesday, May 28, 2025. Where: The Canadian Association of Defence and Security Industries' CANSEC 2025, the media availability area, directly outside the CANSEC Media Room at the entrance to Hall 2, EY Centre 4899 Uplands Dr, Ottawa, ON Notes to editor / news director: Media interested in attending must be registered with CANSEC 2025. Royal Canadian Air Force Links Royal Canadian Air Force Facebook Royal Canadian Air Force X
Cision Canada
6 days ago
- Business
- Cision Canada
MEDIA ADVISORY - Meet with Bell Textron Canada Executives at CANSEC 2025 Français
MIRABEL, QC, May 26, 2025 /CNW/ - Bell Textron Canada invites media representatives to meet with its executives and discuss key national defence issues and the modernization of Canada's military capabilities during CANSEC 2025, the country's largest defence and security trade show, taking place May 28 and 29 at the EY Centre in Ottawa. Spokespeople available for interviews: Michael Nault, General Manager, Bell Textron Canada Marc Bigaouette, Director, Canadian Government Programs, Bell Textron Canada Suggested topics: Bell's role in Canada's defence strategy, aligned with defence policy goals and recent government announcements regarding investment in aerospace capabilities Modernization of CH-146 Griffon helicopter and sustainment of the Canadian Armed Forces' largest helicopter fleet The strategic importance of the Mirabel facility, a driver of technological innovation and aerospace production in Canada Bell's role in strengthening national supply chains and maintaining industrial sovereignty in the defence sector Interviews will take place onsite at Bell Textron Canada's booth #433, at a time that best suits your schedule during the event. SOURCE Bell Textron Canada Ltd.
Yahoo
6 days ago
- Business
- Yahoo
MEDIA ADVISORY - Meet with Bell Textron Canada Executives at CANSEC 2025
MIRABEL, QC, May 26, 2025 /CNW/ - Bell Textron Canada invites media representatives to meet with its executives and discuss key national defence issues and the modernization of Canada's military capabilities during CANSEC 2025, the country's largest defence and security trade show, taking place May 28 and 29 at the EY Centre in Ottawa. Spokespeople available for interviews: Michael Nault, General Manager, Bell Textron Canada Marc Bigaouette, Director, Canadian Government Programs, Bell Textron Canada Suggested topics: Bell's role in Canada's defence strategy, aligned with defence policy goals and recent government announcements regarding investment in aerospace capabilities Modernization of CH-146 Griffon helicopter and sustainment of the Canadian Armed Forces' largest helicopter fleet The strategic importance of the Mirabel facility, a driver of technological innovation and aerospace production in Canada Bell's role in strengthening national supply chains and maintaining industrial sovereignty in the defence sector Interviews will take place onsite at Bell Textron Canada's booth #433, at a time that best suits your schedule during the event. SOURCE Bell Textron Canada Ltd. View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
NACCA Promotes Indigenous Business and Community Participation in the Defence Supply Chain
OTTAWA, ON, May 23, 2025 /CNW/ - The National Aboriginal Capital Corporations Association (NACCA) announces its support for a bold new pilot program promoting the participation of Indigenous communities and businesses in Canada's defence supply chain. The Indigenous Defence Supply Chain Pilot is a joint initiative of NACCA and the Council for the Advancement of Native Development Officers (CANDO). On May 28–29, the two Indigenous economic organizations will bring 25 Indigenous businesses to CANSEC 2025, Canada's leading defence, security, and emerging technology trade show. The businesses will have an opportunity to build relationships and profile their goods and services at CANSEC's Indigenous Pavillion. "Indigenous businesses are ready, willing, and able to supply to defence projects—which are often located on or near their territories," says Shannin Metatawabin, NACCA's CEO. "But the bidding process is still complex and unfamiliar, and those essential relationships with the sector still need to be built." The Indigenous Defence Supply Chain Pilot will be a three-year effort focused on building Indigenous capacity to participate in defence procurement. Through an annual call for applications, the pilot will provide cohorts of 30 to 50 Indigenous business owners, community leaders, and development officers access to tools, training, and mentoring in defence procurement. "This pilot will connect Indigenous businesses and communities to an industry that is known to be difficult to access, while demonstrating its practical approach to cultivating opportunity," says NACCA board chair Elaine Chambers. "And this is only the beginning. To assist First Nation businesses, the First Nations Procurement Authority was just established on May 1, 2025. Part of its mandate will be to take over initiatives like the Defence Supply Chain Pilot for First Nations businesses, making the introductions now occurring at CANSEC a regular feature." Founded on May 1, 2025, the First Nation Procurement Authority (FNPA) is a not-for-profit corporation that will offer outreach, training, and support to help verified First Nation businesses access government and corporate procurement opportunities. With a clear mandate from the Assembly of First Nations, the FNPA is governed by Canada's five most prominent national Indigenous economic organizations: NACCA, AFOA Canada, the Council for the Advancement of Native Development Officers, First Nations Finance Authority, and First Nations Financial Management Board. The FNPA is modelled after successful institutions supporting Indigenous procurement in Australia, New Zealand, and the United States. Once it becomes fully operational, the FNPA will serve as a vital resource for governments and corporate Canada to procure from verified First Nation businesses in a wide range of sectors. Quick Facts The Government of Canada has mandated that federal departments and agencies allocate at least 5% of the total values of their contracts to Indigenous businesses by 2030. An Indigenous business is one that is comprised of at least 51% ownership and control by First nations, Inuit or Metis individual. Despite there being more than 60,000 Indigenous businesses in Canada, only 2900 are registered withing the Indigenous Services Canada managed Indigenous Business Directory. The IFI network has provided $53,000+ loans totaling $3.3 billion to businesses owned by First Nations, Métis, and Inuit. The IFI network has provided $53,000+ loans totaling $3.3 billion to businesses owned by First Nations, Métis, and Inuit. About NACCA NACCA, the National Aboriginal Capital Corporations Association, is a network of over 50 Indigenous Financial Institutions (IFIs) dedicated to stimulating economic growth for all Indigenous people in Canada. These efforts increase social and economic self-reliance and sustainability for Indigenous people and communities nationwide. Related Links NACCA: CANDO: AFOA Canada: FNFA: FMB: FNPA: National Indigenous Business Definition - NACCA National Aboriginal Capital Corporations Association SOURCE National Aboriginal Capital Corporations Association View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
