Overview

• The companies signed the pact in Stockholm on Monday during Joly’s Nordic industry trip.
• Intellectual property will be jointly held, with production phased from Roshel’s Brampton and Mississauga facilities to a second stage at a higher‑power site yet to be chosen.
• Roshel says the venture will use Canadian‑mined iron ore and domestic capacity to bring the steel‑to‑vehicle cycle in‑house and increase Canadian content under federal industrial benefits rules.
• Planned output includes multiple ballistic steel types for domestic and international markets, serving defence as well as sectors such as agriculture and mining.
• Joly also met Swedish defence company Saab during the trip, with a review of Canada’s planned F‑35 purchase expected soon.