US EditionOntario minister crosses the globe to chase defence industry investments and jobs
Ontario seeks to secure billions in defence contracts by pitching Saab fighter jet assembly and submarine work, leveraging its aerospace industry and 300 local defence companies.
- Vic Fedeli, Ontario's Minister of Economic Development, visited the TKMS submarine shipyard in Kiel earlier this month and plans to head next to Hanwha's Geoje yard, likely in the new year.
- With the $1.3 trillion ReArm Europe plan and Germany loosening its 'debt brake', global demand is rising as Ottawa prepares to open the taps wide on defence spending and Prime Minister Mark Carney said it will reach five per cent of GDP.
- The province points to its industrial base, highlighting Ontario Shipbuilding and roughly 300 defence companies, while Bombardier's Mississauga facility partners with Saab on Global Eye and Fedeli aims to be `front-and-centre`.
- A submarine supplier list is already down to two, and Ottawa could decide early in 2026, with Vic Fedeli saying contracts could be worth `billions` and support maintenance and sustainment facilities on both coasts.
- Rival bidders and provincial competition mean governments may sweeten offers and provinces will pitch local partners, as TKMS and Hanwha compete for Canada's submarine contract with Ontario providing partner leads, Craig Stone said.
21 Articles
21 Articles
Ontario minister Vic Fedeli crosses globe to chase defence industry investments and jobs
OTTAWA — Ontario's Economic Development Minister Vic Fedeli knows he has to hustle to secure job-creating developments with defence industry ties for his province — now that Ottawa is poised to move quickly on major military purchases.
Ontario minister crosses the globe to chase defence industry investments and jobs
OTTAWA — Ontario's Economic Development Minister Vic Fedeli knows he has to hustle to secure job-creating developments with defence industry ties for his province — now that Ottawa is poised to move quickly on major military purchases.
Ontario minister crosses the globe to chase defence industry investments and jobs
OTTAWA — Ontario's Economic Development Minister Vic Fedeli knows he has to hustle to secure job-creating developments with defence industry ties for his province — now that Ottawa is poised to move quickly on major military purchases.
Ontario minister crosses the globe to chase defence industry investments and jobs
OTTAWA — Ontario's Economic Development Minister Vic Fedeli knows he has to hustle to secure job-creating developments with defence industry ties for his province — now that Ottawa is poised to move quickly on major military purchases.
Ontario minister crosses the globe to chase defence industry investments and jobs
OTTAWA — Ontario's Economic Development Minister Vic Fedeli knows he has to hustle to secure job-creating developments with defence industry ties for his province — now that Ottawa is poised to move quickly on major military purchases.
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