Only two bidders remain in the running for Canada’s nearly $5 billion program to supply new armored and unarmored land utility vehicles to the military, and one of them is Brampton-based Roshel, CityNews reported, citing reporting from Cristina Howorun. Roshel has built its reputation almost entirely outside Canada despite being headquartered just outside Toronto. Founded […]

GE Aerospace and Magellan Aerospace Corporation announced Wednesday they have signed a memorandum of understanding to establish maintenance, repair and overhaul capabilities in Canada for the F414-GE-39E engine that powers the Saab JAS 39 Gripen E fighter, an agreement the companies explicitly tied to whether the Canadian government actually decides to buy the Gripen for […]

Canada’s Prime Minister Mark Carney traveled to General Dynamics Land Systems-Canada’s facility in London, Ontario, alongside National Defence Minister David J. McGuinty, to formally announce a new Strategic Partnership between the Canadian government and the company, along with a contract worth roughly $1.4 billion for 190 additional Armoured Combat Support Vehicles for the Canadian military […]

Norwegian defense and technology group Kongsberg posted a second quarter that outpaced its own recent growth trajectory by a wide margin, with revenue climbing 31 percent to NOK 10,389 million (roughly $1.06 billion) and operating profit jumping nearly 50 percent to NOK 1,669 million (about $171 million), as demand for its missile systems and layered […]

Canada’s navy currently has four submarines and, on a good day, exactly one of them can put to sea. That is the reality Prime Minister Mark Carney used to justify what his government is now calling the largest defense purchase in Canadian history: a submarine fleet of up to 12 vessels built by Germany’s Thyssenkrupp […]