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The Ontario auto parts company said the newly formed TruNorth Aerospace & Defense USA subsidiary will work with defence contractor Raytheon to help ramp up munitions production for U.S. Department of War contracts. (The Logic)
Talking point: Canada’s auto sector is moving deeper into defence contracting. Auto parts giant Magna said at an investor day it was considering entering the defence industry, while Stellantis announced this week it would sell its Brampton, Ont., auto assembly plant to armoured-vehicle maker Roshel. Martinrea began working with Raytheon over the summer to help it use Kaizen, a method of maximizing manufacturing efficiency that was popularized by Toyota and is widely used in auto manufacturing. Now, it plans to work with Raytheon on Tomahawk cruise missile production. Martinrea said it’s hoping to eventually become a direct supplier to aerospace and defense companies. Shares rose more than three per cent on Wednesday afternoon.
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