Hanwha inks MoUs with Canadian companies on Canadian Patrol Submarine Project

Hanwha has further expanded its industrial partnerships in Canada, announcing a series of strategic MOUs spanning steel, space, artificial intelligence, and advanced technologies in support of the Canadian Patrol Submarine Project (CPSP).

The MoUs were signed on the sidelines of a visit to Toronto by a South Korean government and business delegation for industrial cooperation and investment discussions with Canadian companies, which include Algoma Steel, Telesat, MDA Space, Cohere, and PV Labs.

The Republic of Korea views the CPSP as an opportunity to elevate the Canada-Korea relationship into a durable, whole-of-government strategic partnership spanning defense, industry, technology, and security cooperation. This approach is fully aligned with the Canada-Korea Free Trade Agreement, the Comprehensive Strategic Partnership, the Security and Defence Cooperation Partnership, and Canada’s Indo-Pacific Strategy, it was highlighted.

Furthermore, the MOUs highlight Hanwha’s long-term commitment to working with the Canadian industry to support job creation, industrial development, and strengthening Canada’s sovereign defense, security, and industrial capabilities.

Hanwha Ocean and Algoma Steel have entered into a binding MoU to establish a long-term strategic arrangement to support the revitalization of Canada’s steel sector and create jobs for Canadians. The partnership is designed to anchor key elements of submarine construction and sustainment in Canada by leveraging Algoma’s domestic steelmaking capabilities and Canadian workforce.

Under the MoU, Hanwha Ocean is to provide Algoma with an aggregate potential value of up to USD $250 million (approximately CAD $345 million), comprising support for the development of a new structural steel beam mill in Canada, as well as anticipated purchases of steel products for use in CPSP-related submarine construction and associated maintenance, repair, and overhaul (MRO) infrastructure in Nova Scotia and British Columbia where the submarine fleet will be fully supported throughout its lifecycle.

“As we usher in a new era for Algoma with electric arc furnace steelmaking and modernized finishing capabilities, this strategic arrangement with Hanwha Ocean represents a foundational step forward in our diversification strategy,” said Rajat Marwah, CEO, Algoma Steel.

Hanwha Systems and Telesat have entered into an MoU to collaborate on next-generation sovereign satellite connectivity solutions and user terminals compatible with Telesat’s low earth orbit (LEO) network, Telesat Lightspeed.

The cooperation focuses on secure, high-capacity, and resilient satellite communications applicable to defense, maritime, and advanced naval platforms.

Under the MoU, Hanwha and Telesat will explore cooperation related to Korea’s LEO communications satellite constellation (K-LEO) and defense user terminals compatible with both K-LEO and Telesat Lightspeed.

Hanwha Systems and MDA Space have entered into an MoU to explore collaboration on advanced satellite technologies, including secure Low Earth Orbit (LEO) communications, aligned with sovereign defense and security requirements. 

The partnership brings together MDA Space’s next-generation AURORA software-defined satellite platform and Hanwha Systems’ expertise in defense electronics and space systems.

While initially focused on sovereign defense satellite capabilities, the collaboration reflects broader cross-sector technology cooperation aligned with the CPSP, including secure communications, data resilience, and command-and-control capabilities relevant to modern submarine operations.

“We are honored to partner with Hanwha in support of Korea’s sovereign K-LEO defense constellation. This collaboration highlights the global confidence in MDA AURORA’s secure, software-defined satellite technology, purpose-built to deliver mission-critical flexibility, performance, and resilience for national defense networks. Together with Hanwha, we look forward to advancing Korea’s defense infrastructure and enabling a new era of secure connectivity,” commented Mike Greenley, CEO of MDA Space.

Hanwha Ocean, Hanwha Systems, and Cohere have entered into an MOU to explore collaboration on advanced artificial intelligence technologies in support of the CPSP. The partnership focuses on the joint development of AI models — including large language and multimodal models — to enhance submarine operations and shipyard efficiency.

The collaboration is intended as a cooperative framework to assess potential AI-enabled applications across submarine platforms and related industrial processes.

“We look forward to partnering with Hanwha Ocean and Hanwha Systems to integrate our cutting-edge agentic AI platform and enterprise-grade AI models — customized for shipbuilding and defense industries — into mission-critical defense applications, including the Canadian Patrol Submarine Project. Securely deployed AI solutions will enable real-time analysis of operational data and equipment diagnostics for effective deep-sea operations and more efficient decision making,” Andrew Chang, VP of APAC at Cohere, stated.

Hanwha Systems and PV Labs have entered into a memorandum of understanding to jointly develop advanced capabilities for electro-optical tactical systems.

Under the MoU, the two companies will collaborate to enhance EO/IR sensor capabilities for broader security applications. Hanwha Systems plans to support local development, system integration, and production activities in Canada, including technology transfer to PV Labs, a Canadian leader in stabilized electro-optical imaging systems.

The products will be jointly marketed for global export markets.

“This partnership with PV Labs represents an important step in advancing Hanwha Systems’ global EO/IR capabilities. By combining Hanwha Systems’ expertise in defense electronics with PV Labs’ strengths in stabilized electro-optical technologies, we aim to deliver a next-generation product that meets the evolving operational requirements of global customers, while also standing ready to contribute to Canada’s advanced industrial ecosystem through long-term investment and partnership,” Jae-il Son, CEO of Hanwha Systems, noted.

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