The joint project will use Canadian iron ore to produce armour-grade steel, of the type used in vehicles like Roshel’s Senator personnel carriers, filling what Roshel called a gap in Canada’s industrial and defence capabilities. Such steel is also used in agriculture, mining and heavy equipment manufacturing. (The Logic)

Talking point: Roshel has delivered hundreds of Senator vehicles to Ukraine in the last few years, mainly for behind-the-lines uses, and is pursuing more contracts to supply the Canadian military. Producing its own steel will make Roshel the first armoured-vehicle manufacturer to control its whole production process, the company’s announcement said, and make it easier to meet requirements for Canadian industrial benefits in defence work. Swebor gets to share intellectual property with a manufacturer of finished vehicles using its production technology. The project costs an estimated $100 million, Roshel’s CEO told Bloomberg.