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 travelled to Sweden in October to press Saab on assembling Gripen jets in Canada and visited the TKMS submarine shipyard in Kiel earlier this month.
- 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 seeks to be `front-and-centre` with possible incentives.
- A submarine supplier list is already down to two, and Ottawa could decide early in 2026 as Vic Fedeli says projects could be worth `billions` with maintenance and sustainment facilities on both coasts.
- Rival bidders and provincial competition mean governments may sweeten offers and provinces will pitch local partners, with Hanwha's CEO Michael Coulter joking Geoje shipyard has become a tourist draw, and Ontario offering foreign bidders partner leads, Craig Stone said.
22 Articles
22 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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