Skip to Content Facebook Feature Image

Hanwha Ocean Signs Landmark Agreements to Strengthen Canada's Sovereign Defence Industrial Capacity, Expand Domestic Shipbuilding Workforce, and Accelerate Large-Scale Shipbuilding in Ontario

Business

Hanwha Ocean Signs Landmark Agreements to Strengthen Canada's Sovereign Defence Industrial Capacity, Expand Domestic Shipbuilding Workforce, and Accelerate Large-Scale Shipbuilding in Ontario
Business

Business

Hanwha Ocean Signs Landmark Agreements to Strengthen Canada's Sovereign Defence Industrial Capacity, Expand Domestic Shipbuilding Workforce, and Accelerate Large-Scale Shipbuilding in Ontario

2026-02-19 22:00 Last Updated At:22:15

Strategic MOU advances industrial capability and technology transfer in Ontario; trilateral LOI establishes an embedded shipbuilding workforce development and innovation hub

HAMILTON, ON, Feb. 19, 2026 /PRNewswire/ -- Hanwha Ocean and Ontario Shipyards have signed a strategic Memorandum of Understanding (MOU) to accelerate the return of large-scale shipbuilding in Ontario and to strengthen Canada's ability to deliver future naval programs.

In parallel, Hanwha Ocean, Ontario Shipyards and Mohawk College have entered into a Letter of Intent (LOI) to establish an embedded shipbuilding training hub at Ontario Shipyards' Hamilton facility, aligned with the sector's long-term workforce requirements.

Together, the agreements establish a coordinated industrial and workforce development framework intended to position Ontario as a scalable centre of excellence for defence-related shipbuilding and advanced marine manufacturing in the Great Lakes region.

Memorandum of Understanding

Hanwha Ocean and Ontario Shipyards

Under the bilateral MOU, Hanwha Ocean will provide structured technical and operational support to Ontario Shipyards to strengthen production readiness and shipyard performance.

The cooperation will focus on:

  • design and engineering
  • production planning and construction sequencing
  • quality management systems
  • advanced shipyard processes and smart-yard best practices

These measures are intended to accelerate the re-establishment of large-scale vessel construction capability in Ontario, enhance production efficiency, and support long-term naval industrial readiness.

As part of this cooperation, Hanwha Ocean will provide support to the design and construction for a Training and Recruitment vessel that Ontario Shipyards will begin building in 2026, serving as a practical demonstration of next-generation shipbuilding capability in the province.

Subject to the award of the Canadian Patrol Submarine Project (CPSP), Hanwha Ocean intends to pursue further strategic investment in Ontario, including the establishment of a dedicated shipbuilding training centre and expanded industrial cooperation with Ontario-based suppliers.

Letter of Intent

Hanwha Ocean, Ontario Shipyards and Mohawk College

The trilateral LOI establishes a structured pathway to address persistent shortages in skilled trades and technical professionals critical to shipbuilding.

The collaboration will focus on:

  • establishing an integrated training hub embedded within Ontario Shipyards' Hamilton Shipyard
  • developing industry-led credentials and specialized shipbuilding certifications
  • supporting apprenticeship and co-op pathways aligned with production requirements
  • exploring applied research in automation, robotics ad digital manufacturing

Under this framework:

  • Mohawk College will lead academic programming across skilled trades and technology disciplines including welding, electrical, millwright, marine mechanics, robotics, logistics, and non-destructive evaluation..
  • Ontario Shipyards will provide facilities and direct workforce integration aligned with its production and expansion plans.
  • Hanwha Ocean will contribute technical advisory support and access to its global industrial networks to align training with international standards and operational best practices.

Strengthening Ontario's Role in Canada's Marine Defence Ecosystem

By integrating industrial modernization with structured workforce development, the partnership aligns with Ontario's advanced manufacturing strategy and Canada's broader objective to strengthen sovereign defence industrial capability.

The coordinated framework is expected to:

  • generate and sustain high-quality skilled employment
  • expand Ontario-based marine and defence supply chains
  • increase participation of regional small and medium-sized enterprises
  • strengthen Canada's domestic capacity to construct, maintain and sustain complex naval platforms

Over the long term, the initiative is designed to position the Golden Horseshoe and the broader Great Lakes region as a nationally significant hub for advanced marine manufacturing and shipbuilding.

Quotes

Kim Hee-cheul, President and CEO, Hanwha Ocean
"Our objective is not simply to transfer expertise, but to embed Hanwha Ocean's advanced shipbuilding processes and operational know-how directly into Ontario Shipyard operations. By doing so, we are strengthening Canada's domestic industrial base, supporting high-quality Canadian jobs, and ensuring long-term workforce readiness. This partnership reflects our commitment to building sustainable submarine construction and sustainment capacity in Canada, fully aligned with the objectives of the Canadian Patrol Submarine Project."

Shaun Padulo, President and CEO, Ontario Shipyards
"At its core, this partnership is about people. With Hanwha Ocean working alongside our teams and Mohawk College training the next generation in a live shipyard, we are building the Canadian workforce that will deliver and sustain Canadian ships for decades to come. That is how sovereign capacity is created. This partnership activates Ontario's industrial strength in direct support of the National Shipbuilding Strategy and the future of the Royal Canadian Navy and creates meaningful long-term careers for Canadians.

Paul Armstrong, President, Mohawk College
"Mohawk College believes in the strength and power of industry-led learning. By working alongside Hanwha Ocean and Ontario Shipyards, we are creating an environment where expertise, innovation, and education come together to support workforce development. This collaboration will strengthen advanced manufacturing and shipbuilding capability in Canada and help build the skilled talent required for long-term success in a rapidly evolving marine sector."

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Hanwha Ocean Signs Landmark Agreements to Strengthen Canada's Sovereign Defence Industrial Capacity, Expand Domestic Shipbuilding Workforce, and Accelerate Large-Scale Shipbuilding in Ontario

Hanwha Ocean Signs Landmark Agreements to Strengthen Canada's Sovereign Defence Industrial Capacity, Expand Domestic Shipbuilding Workforce, and Accelerate Large-Scale Shipbuilding in Ontario

"Vaidya 2.0 is the first AI model to achieve a 50+ score on OpenAI's HealthBench (hard), outperforming GPT-5 and Google's Gemini Pro 3"

NEW YORK, Feb. 19, 2026 /PRNewswire/ -- Fractal (www.fractal.ai), a global provider of artificial intelligence (AI) to Fortune 500® companies, today announced the launch of Vaidya 2.0, the next generation of its healthcare reasoning models available at Vaidya.ai. Debuting at the India AI Impact Summit 2026, Vaidya 2.0 scores 50.1 on HealthBench (hard), outperforming OpenAI's GPT-5 and Google's Gemini Pro 3 on this challenging benchmark.

Designed to power "Health Care Operating System" based workflows, Vaidya 2.0 bridges the gap between raw data and healthcare action. It is the first AI model in the world to achieve 50+ score on OpenAI's HealthBench (hard) The model has been post-trained to deliver superior performance on a wide range of health care workflows. Read more about OpenAI's HealthBench benchmark here.

Redefining the Healthcare Journey

Vaidya 2.0 significantly enhances model capabilities for enabling real-world healthcare use cases, including citizen facing use-cases such as:

  • Emergency Assist: Rapid triage and decision support in critical windows.
  • Symptom Checker: High-fidelity reasoning for citizen-facing wellness.
  • Patient Journey Assist: End-to-end support from first symptom to treatment adherence.

Vaidya 2.0 models also demonstrate a significant performance on MedExpert benchmark and introduce new capabilities to support Doctor Assist. These capabilities combined with the Administrator Assist capabilities from OpenAI HealthBench (hard) Health Data Tasks enhances ability to cater to medical professionals.

Scaling for the India AI Mission

As a partner selected under the ₹10,300+ crore India AI Mission, Fractal is at the forefront of building India's sovereign AI capabilities. Vaidya 2.0 represents the first of many verticalized foundation models designed to solve the unique challenges of the Global South - frugal, scalable, and impact-driven.

"India has built strong digital health foundations over the past decade - from ABHA health IDs to Ayushman Bharat and e-Sanjeevani. The next step is adding reliable reasoning intelligence to those systems," said Srikanth Velamakanni, Co-founder, Group Chief Executive & Vice Chairman, Fractal. "When you combine India's digital health infrastructure with reliable reasoning AI, you unlock a new operating model for public health. At India's population scale, intelligence must be accurate, transparent, and accountable. That is the problem Vaidya 2.0 is built to solve."

"With Vaidya 2.0, we've moved from the knowledge-based foundation models to more advanced post-trained reasoning and agentic based healthcare models" added Suraj Amonkar, Chief AI Research & Platforms Officer, Fractal. "By ranking top globally, on the OpenAI HealthBench (hard) that focuses on realistic healthcare conversations and also showing leading performance on the MedExpert Benchmark that evaluates expert-level medical reasoning, Vaidya 2.0 models demonstrate a health-operating system approach that is not only more comprehensive, but also more reliable and accurate across a wide variety of healthcare workflows."

Visit Us at the India AI Impact Summit

Fractal is showcasing Vaidya 2.0 and its suite of healthcare innovations at the India AI Impact Summit 2026, held at Bharat Pavilion inside the Bharat Mandapam, New Delhi.

  • Location: Bharat Mandapam, New Delhi
  • Hall No. 14 Pod No:P30
  • Dates: February 16 to February 20, 2026

For more information, visit www.vaidya.ai.

About Fractal

Fractal (NSE: FRACTAL) is a publicly listed global enterprise AI company with a vision to power every human decision in the enterprise.

Fractal's suite of businesses includes Asper.ai (enabling interconnected decisions for revenue growth) and Analytics Vidhya (among the world's largest data science communities). Fractal spun out Qure.ai, a global healthcare AI leader enhancing the rapid identification and management of tuberculosis, lung cancer, and stroke. Fractal's dedicated AI Research team is focused on foundational AI advancements, including knowledge-based foundational models, reasoning-based systems, and agentic systems. The team has launched successful products, including MarshallGoldsmith.ai, Vaidya.ai, Kalaido.ai, and the open-source reasoning model Fathom-R1-14B and tool-based reasoning model Fathom-DeepResearch.

Fractal employs over 5,000 professionals across global locations, including the United States, Canada, the UK, the Netherlands, Ukraine, India, Singapore, South Africa, the UAE, and Australia. It has consistently earned recognition as one of India's Best Companies to Work For (Top 100, 2025), a 'Great Workplace' for eight consecutive years, and as one of 'India's Best Workplaces for Women' for five years running by the Great Place to Work® Institute. Fractal was also named a Leader in the 2025 Forrester Wave™ for Customer Analytics Service Providers and earned leadership positions in the Everest Group Peak Matrix Assessment 2025 for AI and Analytics Services, and Information Services Group's 2024 assessments for Data Engineering and Data Science Services.

 

 

 

 

 

 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Fractal launches Vaidya 2.0, outperforming leading frontier models on Healthcare AI Benchmarks

Fractal launches Vaidya 2.0, outperforming leading frontier models on Healthcare AI Benchmarks

Fractal launches Vaidya 2.0, outperforming leading frontier models on Healthcare AI Benchmarks

Fractal launches Vaidya 2.0, outperforming leading frontier models on Healthcare AI Benchmarks

Fractal launches Vaidya 2.0, outperforming leading frontier models on Healthcare AI Benchmarks

Fractal launches Vaidya 2.0, outperforming leading frontier models on Healthcare AI Benchmarks

Fractal launches Vaidya 2.0, outperforming leading frontier models on Healthcare AI Benchmarks

Fractal launches Vaidya 2.0, outperforming leading frontier models on Healthcare AI Benchmarks

Fractal launches Vaidya 2.0, outperforming leading frontier models on Healthcare AI Benchmarks

Fractal launches Vaidya 2.0, outperforming leading frontier models on Healthcare AI Benchmarks

Fractal launches Vaidya 2.0, outperforming leading frontier models on Healthcare AI Benchmarks

Fractal launches Vaidya 2.0, outperforming leading frontier models on Healthcare AI Benchmarks

Recommended Articles