Hanwha Ocean eyes submarine exports to Canada, Philippines, Poland - official | Reuters

On the same subject

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  November 9, 2022 | Local, Aerospace, Naval, Land, C4ISR, Security, Other Defence

  Competitive Projects launches new and exciting challenges through its next Call for Proposals!

  The Innovation for Defence Excellence and Security (IDEaS) program has launched four new challenges under its Competitive Projects element. These new challenges cover a wide scope of Department of National Defence and Canadian Armed Forces (DND/CAF) needs including the Arctic domain, cognitive radio communications, human autonomy teaming, and just-in-time resupply of common medical equipment and devices in austere environments. Don’t miss the opportunity to apply to: Land to sea with low GHGs: Arctic eco-safe transit of personnel and cargo from ship to shore Loud and clear: Assured naval radio communications in complex electromagnetic environments Best of both worlds: Human autonomy teaming for effective decision making Under pressure: Just-in-time medical resupply in austere environments

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  January 17, 2020 | Local, Aerospace

  Maxar selling MDA to NPC

  Maxar announced it signed a definitive agreement to sell its Canadian business, MDA, to Northern Private Capital (NPC). You can read the details in our press release. I would like to assure you that MDA is committed to continuously delivering the high-quality of service that our customers expect. Maxar and MDA will continue normal operations through the expected close of the transaction, which we believe will happen within 12 months, after the standard U.S. and Canadian regulatory approval. After the close, the MDA team will operate as a private, stand-alone company within NPC's portfolio, retaining its name and standing as the leading space and defence company in Canada. MDA will remain an important business partner and supplier to Maxar, and Maxar will be MDA's largest customer. Additionally, the companies will continue to sell each other's complementary satellite data. NPC is a Toronto-based investment firm led by John Risley and Andrew Lapham. It has created a Canadian investment fund to finance this transaction. NPC views Canada's renewed commitment to utilizing space for its civil and defence needs as a strong opportunity to bring MDA home to Canada. MDA will remain dedicated to its work for the Canadian government and as a merchant supplier to the international community. Maxar's leadership team and Board of Directors believe this transaction best positions Maxar for growth in the future. Once closed, it will enable Maxar to reduce its debt load and focus on substantial growth opportunities in its core markets of Earth Intelligence and Space Infrastructure. And likewise, MDA will be able to focus on capturing large, Canadian programs in the future, in addition to addressing commercial and export markets.

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  November 4, 2020 | Local, Aerospace, Naval, Land, C4ISR, Security

  A Second Wind for the Quebec and Canadian Economy

  AAA CANADA WILL PRESERVE MORE THAN 250 TEMPORARY JOBS IN QUEBEC THANKS TO THE SUB-ASSEMBLY OF CAE AIR1 MECHANICAL VENTILATORS MONTREAL, Nov. 3, 2020 /CNW Telbec/ - A few months ago, the Canadian government awarded CAE, a world leader in civil aviation, defence and security, and healthcare training, an order for 10,000 units of CAE Air1, its new model of mechanical ventilator designed to save lives in hospitals across the country. AAA Canada, a leading manufacturer in industrialization and production, has been mandated by CAE to carry out certain sub-assemblies of this very important device. During these difficult times caused by the COVID-19 pandemic, this partnership is indeed, very promising. To ensure the fulfillment of this major mandate, AAA Canada has invested more than $450,000 in infrastructure required for the development of sub-assembly lines at affiliate company sites located respectively in Laval and Mirabel. The contract, won by AAA Canada, allows it not only to recall a large number of its workers whom were temporarily laid off following the crisis that affected the aerospace industry as a whole, but also to proceed with the creation of several temporary positions. An invaluable mandate at a time when the economy is faltering, and businesses are running out of steam. "The health crisis has stifled the Quebec and Canadian economy. The production of the CAE Air1 gave it an unexpected second wind. Thanks to the government's unwavering support, CAE's ingenuity and the great responsiveness and flexibility of our workers, we will be able to maintain and create nearly 250 temporary jobs, while helping to save lives. We are very grateful to CAE for this wonderful opportunity and I am extremely proud to witness, once again, AAA Canada's great determination to dare and innovate," said Avit Lévesque, General Manager of AAA Canada. "This is a substantial subsidy as it is equal to the threat this second wave presents to the public health and to the overcrowding of hospitals nationwide. We are proud to have AAA Canada among the Canadian suppliers involved in this collective effort to fight COVID-19. We thank them for their excellent support, expertise and agility," added Stéphane Roche, Vice President Global Procurement Sourcing and Real Estate at CAE. About AAA Canada (www.aaa-canada.ca/home) AAA Canada, an affiliate of DRAKKAR Aerospace & Ground Transportation, is a specialized subcontracting and technical assistance services company related to industrialization and production processes, operating in the aerospace, ground transportation, energy and now health sectors. AAA Canada has a team of passionate workers and draws its strength from the AAA European Group located in the 4 corners of the globe. Supported by AAA Group's international expertise, we provide a proven intervention method to deliver a high-quality finished product to our customers. Our approach to productivity, timeliness, quality and efficiency gives us a place of choice within our clients' facilities and operations. About CAE (www.cae.com) CAE is a high technology company, at the leading edge of digital immersion, providing solutions to make the world a safer place. Backed by a record of more than 70 years of industry firsts, we continue to reimagine the customer experience and revolutionize training and operational support solutions in civil aviation, defence and security, and healthcare. We are the partner of choice to customers worldwide who operate in complex, high-stakes and largely regulated environments, where successful outcomes are critical. Testament to our customers' ongoing needs for our solutions, over 60 percent of CAE's revenue is recurring in nature. We have the broadest global presence in our industry, with approximately 10,000 employees, 160 sites and training locations in over 35 countries. www.cae.com SOURCE AAA Canada For further information: Contact Person: AAA Canada, Rosalie Côté, Senior Director - Communication & Marketing, rosalie.cote@drakkar.com, 514-806-0798 https://www.newswire.ca/news-releases/a-second-wind-for-the-quebec-and-canadian-economy-885079492.html