Fincantieri, through its subsidiary WASS Submarine Systems, and Magellan Aerospace Corporation have entered into a memorandum of understanding (MOU) to identify and develop areas of industrial cooperation aimed at strengthening Canada’s defence sovereignty and enhancing its underwater defence capabilities.
Within this framework, WASS Submarine Systems and Magellan will work together to explore opportunities for Canadian industrial participation in heavyweight torpedoes and torpedo countermeasures system capabilities.
Areas of cooperation include the production of components, energetic sections, sub-assemblies, final assembly and factory testing, as well as maintenance and in-service support activities.
Fincantieri explained that, by combining WASS’ long-standing expertise in underwater defence systems with Magellan’s established industrial presence in Canada, the collaboration aims to support the long-term development of sovereign underwater capabilities, strengthen local industrial participation, and enable in-country sustainment.
"The agreement provides a foundation for progressive cooperation between the two companies, contributing to the development of a sustainable and competitive industrial capability in Canada across the lifecycle of underwater defence systems," Fincantieri said in a press release.
