B.C. Firms Partner with Hanwha for Royal Canadian Navy Submarine Bid

B.C. companies are positioning as potential suppliers for Canada's $60 billion submarine procurement project. The bidding has been narrowed to Thyssenkrupp Marine Systems and Hanwha Ocean. At a Calgary event, firms like EMCS Industries, OSI Maritime Systems, and Jastram Technologies joined Hanwha to support local economic growth. Prime Minister Mark Carney's defense strategy aims to increase military spending and prioritize Canadian suppliers. A contract is expected by 2028, with the first submarine delivery targeted for 2035.

Published Mar 26, 2026

British Columbia companies are becoming potential suppliers for Canada's $60 billion plan to acquire 12 submarines for the Royal Canadian Navy, with the bidding limited to Thyssenkrupp Marine Systems and Hanwha Ocean. At an event in Calgary, B.C. firms including EMCS Industries, OSI Maritime Systems, and Jastram Technologies partnered with Hanwha.

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Prime Minister Mark Carney's defense strategy aims to boost military spending to five percent of GDP by 2035 and favor Canadian companies in defense contracts. The federal government officially launched the submarine project in 2024, with a contract expected by 2028 and the first submarine delivery aimed for 2035.