Armored vehicle assembly line. AI-generated stock image by Infographic.
Ontario-based armoured vehicle manufacturer Roshel and Swedish steel producer Swebor announced Tuesday a signed agreement to establish Canada’s first facility dedicated to production of ballistic-grade steel.
Ballistic steel is a special type of lightweight, hardened steel that protects against blasts or bullets.
The signing took place in Sweden during a visit by Canadian Industry Minister Melanie Joly, whose aim is to attract investment in tariff-hit sectors and build up the country’s defense industrial base.
The deal, Roshel said, will leverage Swedish expertise and Canadian natural resources and production capacity to address a significant production gap in terms of strategic industrial capability, sovereignty, and national defence readiness.
The project value is estimated at C$100 million ($72.2 million) and…
