Hanwha Aerospace expands Canadian push with defense vehicle joint venture

Hanwha Aerospace said Thursday it had signed a memorandum of understanding with Canada's Automotive Parts Manufacturers’ Association and Hanwha Ocean to cooperate on the production of military and special-purpose vehicles in Ontario. The proposed joint venture is contingent on the outcome of Canada's planned purchase of up to 12 new diesel-powered submarines to replace the country's aging fleet, known as the Canadian Patrol Submarine Project. If Hanwha Ocean's Jangbogo-class submarine is selecte

By The Korea Herald