Hanwha signs MOUs with Canadian partners
May 29, 2025, Ottawa, Ontario, Canada
Today, Hanwha signed Memorandums of Understanding (MOUs) with RaceRocks and EllisDon for cooperation on upcoming Canadian land systems programs:
The MOU with RaceRocks (Victoria, British Columbia) sets the conditions to advance next-generation training solutions to enable the Canadian Army to rapidly field modern capabilities sought by Canada and NATO allies.
The MOU with EllisDon (Mississauga, Ontario) is to advance discussions and foster collaboration on delivering key infrastructure solutions within Canada’s construction industry in support of the Canadian Armed Forces.
Quotes:
“We see significant opportunities for synergies between Hanwha and these Canadian partners – RaceRocks and EllisDon. With the signing of these MOUs, Hanwha can begin developing strategic relationships with these partners, which will also enhance and strengthen the relationship between Canada and South Korea.”
Michael Coulter, President & CEO, Hanwha Global Defence
“This collaboration reflects a growing recognition that small and Indigenous-owned Canadian businesses have a vital role in shaping the future of defence. Aligned with Canada’s Defence Policy Update, it reinforces that restoring readiness, protecting sovereignty, and defending our country depends on innovation at every level of the ecosystem. When agility and vision meet global scale, we don’t just participate – we help define what’s next.”
Anita Pawluk, CEO, RaceRocks
“At EllisDon, we believe that meaningful partnerships and shared values are the foundation of nation-building. This agreement is a powerful example of how collaboration across industries and borders can deliver real impact. With a deep commitment to purpose-driven work, we’re proud to support the Canadian Armed Forces with resilient infrastructure solutions — and to work alongside partners like Hanwha who share our dedication to building a stronger future.”
Chris Lane, Senior Vice President & Area Manager, Edmonton, EllisDon
About Hanwha (www.HanwhaForCAF.ca)
Hanwha has a full line of land systems and munition solutions that can be quickly and affordably delivered to meet Canadian Army urgent and future operational requirements, including the K9 Thunder Self-Propelled Howitzer, the K10 Ammunition Resupply Vehicle, the Chunmoo Multiple Rocket Launch System, the Redback Infantry Fighting Vehicle, the Taipers Anti-Tank Guided Missile, the BiHo Air Defence System and the KMCS propellant.
Hanwha Corporation, with more than 100,000 employees and 91 subsidiaries globally, is South Korea’s leading defence company. As part of the company’s plan to expand into North America, including the recent acquisition of Philly Shipyard in Pennsylvania, Hanwha is committed to establishing a robust and long-term presence in Canada that will create jobs and boost economic growth, and accelerate the country’s defence capabilities.
About RaceRocks (www.racerocks3d.ca)
RaceRocks is a woman-led and Indigenous-owned training modernization company founded in 2008. The company is headquartered in Victoria, B.C., but operates as a fully remote organization with employees in almost every province in Canada. With over a decade of experience, RaceRocks has been a trusted partner in modernizing training programs—transforming traditional training into innovative, technology-driven solutions. By leveraging immersive training tools, they create learning experiences that empower teams and enhance operational effectiveness. RaceRocks delivers everything from traditional courseware to full-motion simulated experiences. Their commitment goes beyond technology—they are dedicated to building partnerships that deliver measurable results, reduce costs, and strengthen readiness in critical industries such as defence, aerospace, and marine.
About EllisDon (www.ellisdon.ca)
EllisDon is an employee-owned global construction services and technology company with a purpose to redefine the construction industry. EllisDon is focused on innovation and sustainability while delivering the future of construction by empowering people to push beyond traditional construction boundaries. With thousands of salaried and hourly employees across fifteen national and international offices, EllisDon has become a leader in every sector and nearly every facet of the construction industry.
This is actually a big move. Happy to see it.