May 3, 2026 – Ottawa – National Defence / Canadian Armed Forces

Today, Canadians commemorate the 81st anniversary of the end of the Battle of the Atlantic, the longest continuous campaign of the Second World War.

Members of the Royal Canadian Navy (RCN), the Royal Canadian Air Force, and those connected to the naval community gather today to honour the hardships and sacrifices of the thousands of sailors and aviators who fought with determination, as well as the civilian workers and merchant mariners who supported the war effort.

The Battle of the Atlantic began on September 3, 1939, with the sinking of the SS Athenia by German submarine U-30. Thirteen days later, on September 16, 1939, the first supply convoy departed Halifax, Nova Scotia, for the United Kingdom. By 1944, 494 fast and slow convoys totalling more than 26,800 ships had crossed the Atlantic, with approximately 540 ships lost to enemy action. Allied forces fought continuously for control of the North Atlantic Ocean to sustain the war effort until the conflict ended in 1945.

Canadian sailors worked tirelessly to protect vital convoys carrying life-sustaining supplies between North America and Europe. Through dark days and long nights, the Battle of the Atlantic lasted 2,075 days, ultimately claiming the lives of more than 2,210 sailors, 900 aviators, and 1,700 Canadian Merchant Navy sailors. Their bravery and sacrifices were instrumental in securing victory for the Allies.

Quotes

Quick facts

• The Battle of the Atlantic spanned the entire duration of the Second World War. Allied forces fought for control of the North Atlantic Ocean to supply the war effort from 1939 to 1945, making this the longest campaign of the war.

• The RCN grew from six destroyers and 3,500 personnel in 1939 to 373 fighting ships and more than 100,000 sailors by war’s end – one of the largest navies in the world, largely supported by reservists. Canadian sailors would shoulder much of the burden of the Battle of the Atlantic.

• Sailors and aviators sank or shared in the destruction of some 50 U-boats while escorting approximately 25,000 merchant ships to deliver more than 165 million tonnes of life and war-sustaining cargo to Europe.

• These accomplishments were fuelled by an impressive shipbuilding effort that saw more than 400 merchant ships; 281 destroyers, corvettes, and frigates; 206 minesweepers; over 250 tugs; and more than 3,000 landing craft built in Canadian shipyards.

• In 1943, Rear Admiral Leonard Murray took command of the Allied air and naval forces in the Northwest Atlantic, becoming the only Canadian to command an Allied theatre of conflict in either World War.

• Maritime aviation expanded rapidly during the Battle of the Atlantic. By combining naval and air force capabilities at sea, Allied forces closed the Mid-Atlantic Gap – an area once unreachable by land-based aircraft. This coordinated effort helped secure vital shipping lanes and prevent enemy dominance in the North Atlantic Ocean.

May 3, 2026 – Ottawa – National Defence / Canadian Armed Forces

The Honourable David J. McGuinty, Minister of National Defence, and the Honourable Jill McKnight, Minister of Veterans Affairs and Associate Minister of National Defence, released the following statement today to mark the 81st anniversary of the end of the Battle of the Atlantic:

At CANSEC 2026, Patriot Forge Corporation will be exhibiting fully manufactured, full-scale components produced through our domestic capability.

On display:

• A 105mm/L33 howitzer barrel

• Breech collar and forged muzzle brake

• A 120mm mortar tube forging

All components are manufactured through an integrated process: steel → forging → heat treatment → machining → rifling → hydraulic autofrettage.

This is not conceptual capability. These processes and components are now established within our operations.

Included with this submission is an image from inside the first 105mm barrel rifled at our Brantford facility earlier this year, this is representative of the capability now in operation.

We will also be presenting video from within our large-calibre cannon barrel production bay, including equipment commissioned in the past year. This includes deep-hole drilling, rifling, and autofrettage systems designed for consistent, repeatable barrel production.

Our work is aligned with Canada’s Defence Industrial Strategy, with a focus on strengthening domestic industrial capacity, supply chain resilience, and sustained readiness. We operate in the critical midstream of the industrial base, where material transformation, process control, and production capacity determine whether systems can be delivered and maintained at scale.

Patriot Forge Corporation remains system-agnostic and is positioned to support both existing platforms and future programs in coordination with primes and government stakeholders.

In parallel, we continue to develop capability in naval and marine propulsion forgings, including:

• Propulsion shafts

• Shaftline components and couplings

• Gearbox forgings

• Critical rotating equipment for maritime and power generation systems

These are long-lead, high-consequence components where control of materials and processes directly impacts availability, sustainment, and operational readiness.

As allied demand has scaled, constraints have increasingly shifted toward industrial capacity and upstream material transformation. Addressing these constraints is central to the objectives of Canada’s Defence Industrial Strategy and requires coordinated, reliable production capability.

Patriot Forge Corporation is actively investing in and delivering that capability.

We welcome engagement with CAF, DND, and central agencies during CANSEC to discuss how this capacity can support Canada’s defence objectives.

Full-scale components. Proven processes. Industrial capacity aligned to national readiness

April 30, 2026 — Esquimalt, B.C. — Seaspan is proud to announce an investment of up to $3 million for the Coast Salish Employment and Training Society (CSETS) to create new skills training programs for Indigenous Peoples on Southern Vancouver Island who are pursuing a career in the marine industry.

Through this investment, Seaspan will support access to high‑quality trades education and long‑term career paths for Indigenous learners, while strengthening the pipeline of skilled workers for Canada’s shipbuilding and ship repair industry.

Indigenous learners will receive trades training support opportunities integrated with cultural teachings and engagements with Indigenous Elders through:

• Skills Upgrading Program, which provides students with accelerated, hands‑on training to receive industry-recognized credentials in the marine industry.

• Trades Sampler Program, which allows students to explore different career opportunities in the trades and discover the trade that best suits their interests.

• Ship Repair Entry Level Training Program, which will deliver specialized training specific to the ship repair and maintenance industry, one that Seaspan is actively involved with on Vancouver Island. Throughout the last two decades, Seaspan’s Victoria Shipyards in Esquimalt, B.C. has been engaged in the long-term maintenance, repair and modernization of the Royal Canadian Navy’s current fleet of frigates and submarines, as well as on large commercial vessels like cruise ships, fishing vessels and cargo ships.

• Trades Apprenticeship & Foundation Courses, ensuring students receive apprentice training and are equipped with entry-level knowledge and general skills in the trades.

This investment in CSETS will also provide funding to students through two streams:

• Emergency Relief Funds, to assist students in financial need to complete their training

• Achievement Awards, granted to top performing students in marine-related training programs

This investment is part of Seaspan’s Value Proposition commitment under the National Shipbuilding Strategy (NSS). The partnership between Seaspan and CSETS will span from 2026 through 2028, with an option to extend for a fourth year through 2029.

QUOTES

QUICK FACTS

• Seaspan has, so far, delivered four vessels under the NSS, with three others currently under construction. Seaspan will design, build and deliver up 23 ships for the Royal Canadian Navy and the Canadian Coast Guard.

• Through the NSS, Seaspan has invested almost $35 million to support education, learning, research and skills development in the marine industry, with a special focus on reducing barriers for underrepresented groups, bringing a broad range of new talent into the industry and the trades, including more women and Indigenous people, and creating opportunities for youth through internships and apprenticeships.

AVSS is proud to share results from its Precision Avalanche Management System (PAMS) testing in collaboration with Innovation, Science and Economic Development Canada, Department of National Defence/Ministère de la défense nationale, Parks Canada, Transport Canada - Transports Canada, and Natural Resources Canada (NRCan) through the Innovative Solutions Canada program. The testing of the PAMS occurred in February and March 2026 in Jasper, Alberta, Canada.

The testing results from using a drone to support avalanche control work with dropping explosives not only demonstrated the operational benefits and potential use cases for avalanche professionals, but also the collaborative opportunities for Canadian-owned companies to commercialize their new intellectual property and technology with end users from the Government of Canada.

In February and March, AVSS traveled to Jasper National Park to conduct avalanche control with live explosives. The first set of tests demonstrated AVSS’s system and operational abilities for safely operating drones for avalanche control work. The second set of tests gathered key system and operational data to demonstrate the potential operational use cases of the technology. This avalanche control testing program also seems to be the first documented regulatory-approved use of drones for avalanche control work that involved dropping live explosives in Canada.

Testing from this program has demonstrated the potential value of drone technology and how it can be incorporated into existing avalanche control programs as a new tool to their existing safe operations. Findings from this testing included ideal drop heights, best practices for safe drone operations for avalanche control, regulatory approvals for drone avalanche control work, and validation in varying operational environments. Furthermore, use cases were explored where a drone can augment the existing operations.

AVSS will be highlighting some of the lessons learned and features of the technology at the upcoming Canadian Avalanche Association (CAA) conference in May in Penticton, B.C. As well, the findings from this initial testing program have provided AVSS with the ability to demonstrate a remotely controlled drop system and an automatic safe arming system, which does not arm the initiation system until the drone has reached a safe altitude from takeoff, and reached a position within the drop radius of the target avalanche path.

The genesis of this technology is derived from AVSS’s guided delivery product line. However, unlike the guided parachute system, this does not include parachutes. The PAMS technology includes an aerial drop system integrated with a drone, a pull wire initiation system, and a sled housing that holds a traditional cast booster, which can be remotely dropped through the remote controller.

About ISC: Innovative Solutions Canada is an initiative designed to stimulate technology research, development, and commercialization of Canadian innovations. The program's Challenge Stream and Testing Stream help startups and small/medium-sized businesses (SMEs) overcome technology testing and development hurdles so that they can produce globally-demanded products and services, while also improving government operations.

Noah Note: Funny how this is announced as the CAF is cutting support for the existing avalanche program in collaboration with Parks Canada. The fact is that resources are already being stretched thin by existing operation deployments, and the soon to be retirement of the 105mm from the RCA removes the suitable platform to continue with the program.

The funny thing is I remember hearing about this being on the chopping block two or three years ago, taking note that this was never meant as a permanent solution, more so one the CAF has been consistently renewing time and time again, save a brief time in the 90s.

As such new Solutions for avalanche control need to be discussed. Utilizing drones presents a possible solution that could be viably adopted by Parks Canada as compared to a C3. It's also possible that this service moves to a commercial collaboration with a partner like an AVSS. Tbere are options on the table here for replacement, and indeed, perhaps it is for everyone's best.

AVSS has a lot of cool concepts out there. They're best known for their line of Drone Parachutes, as well as they're autonomous, guided and unguided delivery systems.

They've been working on the Avalanche Management concept for a while under the name SnowDarts. The company received regulatory approval from Transport Canada last yeat to perform avalanche management with the company’s SnowDart system, though it's been working in close collaboration with ISC for a few years now.

No better time than now to showcase these kinds of concept! With the CAF taking a step back, there is a boatload of opportunity to jump on this niche issue.

“We delivered strong organic sales growth, a higher operating margin, and solid cash flow in the first quarter. Our product offering is well aligned with the defence priorities of many nations globally. We continue to develop future capabilities and invest in capacity while reinforcing our ability to deliver to customers in the immediate term,” says Micael Johansson, President and CEO, Saab.

Key highlights Q1 2026

• Order bookings in the first quarter amounted to SEK 18,243m (19,144). Growth was strong for medium-sized orders, but fewer large orders were received in the quarter.

• Sales amounted to SEK 19,164m (15,792) which corresponded to an organic sales growth of 23.6% (10.9).

• All business areas and Combitech reported double-digit sales growth, with particularly strong development in Surveillance.

• EBITDA amounted to SEK 2,731m (2,140) corresponding to an EBITDA margin of 14.3% (13.6).

• EBIT increased 32% and amounted to SEK 1,920m (1,454), corresponding to an EBIT margin of 10.0% (9.2).

• Net income increased to SEK 1,466m (1,277) and earnings per share amounted to SEK 2.65 (2.35).

• Operational cash flow increased to SEK 1,017m (-14).

• Net liquidity amounted to SEK 3,985m compared to SEK 3,989m at year-end 2025.

• The AGM 2026 decided on a dividend of SEK 2.40 (2.00) per share for the financial year 2025.

Saab is a leading defence and security company with an enduring purpose, to help nations keep their people and society safe. Empowered by its 28,000 talented people, Saab constantly pushes the boundaries of technology to create a safer, more sustainable and more equitable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations.

The information is such that Saab AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 23 April 2026 at 07.30 (CET).

Download the full Saab Q1 results 2026

114 commercial aircraft delivered

Revenues € 12.7 billion; EBIT Adjusted € 0.3 billion

EBIT (reported) € 0.2 billion; EPS (reported) € 0.74

Free cash flow before customer financing € -2.5 billion

2026 guidance unchanged

Amsterdam, the Netherlands, 28 April 2026 – Airbus SE (stock exchange symbol: AIR) reported consolidated financial results for its First Quarter (Q1) ended 31 March 2026.

Gross commercial aircraft orders totalled 408 (Q1 2025: 280 aircraft) with net orders of 398 aircraft after cancellations (Q1 2025: 204 aircraft). The order backlog amounted to 9,037 commercial aircraft at the end of March 2026. Airbus Helicopters registered net orders totalling 79 units (Q1 2025: 100 units), with an order backlog of 1,060 units at the end of March 2026. Order intake by value at Airbus Defence and Space increased to € 5.0 billion (Q1 2025: € 2.6 billion), mostly driven by the Air Power business unit.

Consolidated revenues decreased 7% year-on-year to € 12.7 billion (Q1 2025: € 13.5 billion). A total of 114 commercial aircraft were delivered (Q1 2025: 136 aircraft), comprising 19 A220s, 81 A320 Family, 3 A330s and 11 A350s. Revenues generated by Airbus’ commercial aircraft activities decreased 11% to € 8.4 billion, mainly reflecting the lower deliveries and US dollar depreciation. Airbus Helicopters’ deliveries increased to 56 units (Q1 2025: 51 units) with revenues stable at € 1.6 billion, reflecting a less favourable delivery mix. Revenues at Airbus Defence and Space increased 7% year-on-year to € 2.8 billion, driven mainly by higher volumes in Air Power.

Consolidated EBIT Adjusted – an alternative performance measure and key indicator capturing the underlying business margin by excluding material charges or profits caused by movements in provisions related to programmes, restructuring or foreign exchange impacts as well as capital gains/losses from the disposal and acquisition of businesses – totalled € 300 million (Q1 2025: € 624 million).

EBIT Adjusted related to Airbus’ commercial aircraft activities decreased to € 81 million (Q1 2025: € 494 million), driven by the lower deliveries and an unfavourable hedge rate.

The A220 ramp-up is ongoing and the Company continues to target a monthly production rate of 13 aircraft in 2028. On the A320 Family, Pratt & Whitney remains the key pacer of the ramp-up trajectory, impacting both 2026 and 2027. As a result, the Company continues to expect to reach a rate of between 70 and 75 aircraft a month by the end of 2027, stabilising at rate 75 thereafter. The Company continues to target rate 5 for the A330 programme in 2029 and rate 12 for the A350 programme in 2028.

Airbus Helicopters’ EBIT Adjusted totalled € 65 million (Q1 2025: € 78 million), reflecting a solid performance from programmes, offset by higher R&D expenses.

EBIT Adjusted at Airbus Defence and Space was € 130 million (Q1 2025: € 77 million), supported by better profitability across all business units.

Consolidated self-financed R&D expenses totalled € 730 million (Q1 2025: € 673 million).

Consolidated EBIT (reported) was € 224 million (Q1 2025: € 473 million), including net Adjustments of € -76 million.

These Adjustments comprised:

• € -42 million related to the dollar working capital mismatch and balance sheet revaluation. This mainly reflects the phasing impact arising from the difference between transaction date and delivery date;

• € -32 million related to the integration of the former Spirit AeroSystems work packages;

• € -2 million of other costs, including M&A.

The financial result was € 466 million (Q1 2025: € 621 million), mainly reflecting the revaluation of certain equity investments. Consolidated net income(1) was € 586 million (Q1 2025: € 793 million) with consolidated reported earnings per share of € 0.74 (Q1 2025: € 1.01).

Consolidated free cash flow before customer financing was € -2,485 million (Q1 2025: € -310 million), mainly reflecting the low level of commercial aircraft deliveries on top of the planned inventory build-up associated with the ramp-up across programmes. Consolidated free cash flow totalled € -2,422 million (Q1 2025: € -296 million). The gross cash position stood at € 25.2 billion at the end of March 2026 (year-end 2025: € 27.2 billion), with a consolidated net cash position of € 9.8 billion (year-end 2025: € 12.2 billion).

Outlook

As the basis for its 2026 guidance, the Company assumes no additional disruptions to global trade or the world economy, air traffic, the supply chain, its internal operations, and its ability to deliver products and services.

The Company’s 2026 guidance is before M&A and includes the impact of currently applicable tariffs.

On that basis, the Company targets to achieve in 2026:

• Around 870 commercial aircraft deliveries;

• EBIT Adjusted of around € 7.5 billion;

• Free Cash Flow before Customer Financing of around € 4.5 billion.

Safe Harbour Statement:

This press release includes forward-looking statements. Words such as “anticipates”, “believes”, “estimates”, “expects”, “intends”, “plans”, “targets”, “projects”, “may” and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements include statements made about strategy, production ramp-up and delivery schedules, introduction of new products and services and market expectations, as well as statements regarding future performance, prospects and outlook. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

These factors include but are not limited to:

▪ Changes in general economic, political or market conditions, including the cyclical nature of some of the Company's businesses;

▪ Significant disruptions in air travel (including as a result of the spread of disease or terrorist attacks);

▪ Disruptions to the Company's industrial operations and / or supply chain, whether due to economic or geopolitical factors or other threats (including physical or cyber security threats);

▪ Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar;

▪ The successful execution of internal performance plans, including cost reduction and productivity efforts;

▪ Product performance risks, as well as programme development and management risks;

▪ Customer, supplier and subcontractor performance or contract negotiations, including financing issues;

▪ Competition and consolidation in the aerospace and defence industry;

▪ Significant collective bargaining labour disputes;

▪ The outcome of political and legal processes, including the availability of government financing for certain programmes and the size of defence and space procurement budgets;

▪ Research and development costs in connection with new products;

▪ Legal, financial and governmental risks related to international transactions or affecting global trade (e.g. tariffs);

▪ Legal and investigatory proceedings and other economic, political and technological risks and uncertainties;

▪ Changes in societal expectations and regulatory requirements about climate change; and

▪ Aggravation of adverse geopolitical events, including the war in Ukraine (and the resulting export control restrictions and sanctions), and conflicts or rising military tensions around the world.

As a result, Airbus SE’s actual results may differ materially from the plans, goals and expectations set forth in such forward-looking statements.

For more information about the impact of the Macroeconomic Environment, see Note 3 “Geopolitical and Macroeconomic Environment" of the Notes to the Airbus SE Unaudited Condensed Interim IFRS Consolidated Financial Statements for the three-month period ended 31 March 2026 published 28 April 2026 (the “Financial Statements”). For more information about factors that could cause future results to differ from such forward-looking statements, please refer to Airbus SE’s most recent Report of the Board of Directors published on 19 February 2026 (including the most recent Risk Factors), the Financial Statements and the Notes thereto. Any forward-looking statement contained in this press release speaks as of the date of this press release. Airbus SE undertakes no obligation to publicly revise or update any forward-looking statement in light of new information, future events or otherwise.

Rounding disclaimer: Due to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

Revenues grew 5% year-over-year to $1.6 billion, including a remarkable 25% year-over-year gain from Services to $617 million.

Adjusted EBITDA(1) reached $246 million, reflecting a 1% year‑over‑year decrease, with an adjusted EBITDA margin(2) of 15.4%, down 90 basis points. Reported EBIT decreased by 6% year-over-year to $167 million, with an EBIT margin(3) of 10.4%, down 120 basis points.

Adjusted net income(1) grew to $189 million, marking a 178% year-over-year increase, while reported net income(4) increased by 20% to $53 million. Adjusted EPS(2) reached $1.81 and diluted EPS(4) was $0.45.

Free cash flow(1) increased by an impressive $664 million year-over-year to $360 million. Cash flows from operating activities(4) totaled $393 million, compared with $271 million cash flow usage from operating activities(4) in the first quarter of 2025, while net additions to PP&E and intangible assets(3) were stable year-over-year at $33 million.

Backlog(5) reached $20.3 billion as at March 31, 2026, increasing by $2.8 billion compared with year‑end 2025. First quarter unit book‑to‑bill(6) of 3.6x, lifted by strong demand, particularly from fleet operators and for the Global 8000.

Available liquidity(1) stayed strong at approximately $2.0 billion; cash and cash equivalents were $1.7 billion as at March 31, 2026.

Further debt reduction of $150 million CAD(7) with repayment of Canadian debentures maturing December 2026, as announced earlier this morning, using cash from its balance sheet, with repayment scheduled for June 26, 2026, supporting deleveraging initiatives.

The Corporation raises 2026 free cash flow(1) guidance to greater than $1.0 billion, reaffirms guidance on other key metrics(8).

Bombardier Inc. (TSX: BBD.B) today announced strong first quarter 2026 results, underpinned by sustained order momentum and a sharp increase in free cash flow(1). The company also released revised 2026 guidance for free cash flow(1), while reaffirming all other guidance metrics(8).

“Our strong start to 2026 reflects a favorable market environment and an exceptional product portfolio well aligned with current demand, led by our industry‑leading Global 8000 aircraft. We delivered our highest first-quarter free cash flow in nearly two decades, indicating the strength of our business and the solid foundation we’ve built,” said Éric Martel, President and Chief Executive Officer, Bombardier. “Our diversification strategy and relentless focus on customers continued to deliver with solid results in services, sustained demand for our aircraft, and continued interest across our Defense portfolio. These excellent results give us the confidence to revise our free cash flow guidance upward for the year, and I’m extremely proud of our team as we continue to build on this momentum with discipline and focus.”

Steady Revenue Results Driven by Impressive Services Growth and Deliveries

Bombardier reported revenues of $1.6 billion for the first quarter of 2026, driven by a meaningful contribution from Services and 24 aircraft deliveries for the quarter, up 1 from the same quarter last year. Services delivered another standout quarter in Q1 2026 with an increase in revenues of 25% year-over-year, totaling $617 million. High demand and robust order activity – specifically from fleet operators and for the Global 8000 – drove an impressive unit book-to-bill(6) of 3.6x for the quarter. Backlog(5) increased significantly to $20.3 billion at quarter end, representing 43% year-over-year growth and an increase of $2.8 billion since the end of 2025.

Strong Free Cash Flow(1) Generation and Earnings Growth

Free cash flow(1) for the first quarter of 2026 reached $360 million, improving by an impressive $664 million year-over-year. This strong performance was driven by cash flows from operating activities(4) which came in at $393 million, compared to $271 million of cash flow usage from operating activities(4) in the first quarter of 2025. Net additions to PP&E and intangible assets(3) came in at $33 million, consistent with the prior year.

Bombardier recorded a solid net income(4) of $53 million, up 20% year-over-year. Adjusted net income(1) reached an impressive $189 million, up 178% from the same quarter in 2025. Adjusted EPS(2) rose to $1.81, a significant increase from the $0.61 recorded in the same quarter last year.

The company generated an adjusted EBITDA(1) of $246 million for the quarter, down 1% from the same quarter last year, and an adjusted EBITDA margin(2) of 15.4%, down 90 basis points year-over-year. Reported EBIT reached $167 million, down 6% year-over-year, leading to an EBIT margin(3) of 10.4%, down 120 basis points year-over-year.

Improved Liquidity and Debt Position

The company maintained a solid financial position during the quarter, with available liquidity(1) of approximately $2.0 billion. Cash and cash equivalents totaled $1.7 billion as at March 31, 2026. Debt management remained a priority, with continued progress in deleveraging and reduction of the adjusted net debt to adjusted EBITDA ratio(2) to 1.8x. On April 30, 2026, the company announced the full repayment of its Canadian debentures maturing December 2026 for an aggregate principal amount of $150 million CAD (approximately $108 million), using cash from its balance sheet, with repayment scheduled for June 26, 2026. Due to its strong operational performance, proactive debt management and financial discipline, Bombardier received an outlook change to positive from S&P Global Ratings on April 14, 2026.

Following a strong performance in the first quarter of 2026 and positive outlook for the remainder of the year, Bombardier revised its free cash flow(1) guidance for 2026 upwards. Free cash flow(1) is now expected to be greater than $1.0 billion for the full year. Guidance for all other key financial metrics remains unchanged from the original guidance issued on February 12, 2026. Net additions to PP&E and intangible assets(3) are expected to be approximately $300 million.

(1) Non-GAAP financial measure. A non-GAAP financial measure is not a standardized financial measure under the financial reporting framework used to prepare our financial statements and might not be comparable to similar financial measures used by other issuers. Refer to the section entitled Caution regarding non-GAAP and other financial measures of this press release and to the Non-GAAP and other financial measures section in the Management Discussion & Analysis of the Corporation’s interim financial report for the quarter ended March 31, 2026 ("MD&A") for definitions of these metrics and reconciliations to the most comparable IFRS measures.

(2) Non-GAAP financial ratio. A non-GAAP financial ratio is not a standardized financial measure under the financial reporting framework used to prepare our financial statements and might not be comparable to similar financial measures used by other issuers. Refer to the section entitled Caution regarding non-GAAP and other financial measures of this press release and to the Non-GAAP and other financial measures section in the MD&A for definitions of these metrics and reconciliations to the most comparable IFRS measures.

(3) Supplementary financial measure. Refer to the section entitled Caution regarding non-GAAP and other financial measures of this press release and to the Non-GAAP and other financial measures section in the MD&A for definitions of these metrics.

(4) Only from continuing operations.

(5) Represents order backlog for both manufacturing and Services.

(6) Defined as net new aircraft orders in units over aircraft deliveries in units.

(7) $150 million CAD is translated to approximately $108 million.

(8) Forward-looking statement. See the Forward-looking statements disclaimer in this press release and see the Forward-looking statements - Assumptions section of the MD&A for details of some of the material assumptions on which the 2026 Guidance is based.

(9) Refer to the Management Discussion & Analysis of the Corporation’s financial report for the fiscal year ended December 31, 2025 ("2025 Financial Report") for further details.

About Bombardier

At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs.

For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it.

Bombardier customers operate a fleet of more than 5,200 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious “Red Dot: Best of the Best” award for Brands and Communication Design.

MELBOURNE, Fla., April 30, 2026 — L3Harris Technologies (NYSE: LHX) reports first quarter 2026 results.

Highlights

• Orders of $7.8 billion; book-to-bill of 1.4x increases backlog to new record $40.7 billion

• Revenue of $5.7 billion, up 12%, and 15% organically*

• Operating margin of 11.4% up 120 bps; Segment operating margin of 15.7% up 10 bps

• GAAP diluted EPS of $2.72, up 33%

• Updates 2026 EPS guidance

“We continue to execute against our Trusted Disruptor strategy with both urgency and discipline, leveraging speed and scale to meet the evolving needs of our customers. Our results reflect the strength of our portfolio and its alignment with the nation’s most critical defense missions. We operate in a dynamic global environment, where demand is accelerating and the future of warfare is driving near-term operational priorities. Across the portfolio, we quickly adapt to mission needs and scale our operations to meet increasing demand, accelerating growth across our enterprise,” said Christopher Kubasik, Chairman and CEO.

Kubasik added, “We delivered a strong start to the year with robust orders and revenue growth coupled with progress across our strategic priorities. We are well positioned for the next phase of growth and value creation, remain on track to deliver on our 2026 commitments and continue to advance toward the 2028 Financial Framework we outlined earlier this year.”

Forward-Looking Statements

This earnings release contains forward-looking statements within the meaning of federal securities laws made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Examples include, but are not limited to: planned investments; 2026 guidance; the impact of recent and expected contract awards; the 2028 financial framework; divestiture timing; planned public offering by Missile Solutions; the impact of the global security environment; projections of other financial items; and assumptions underlying any of the foregoing. Investors should not place undue reliance on forward-looking statements, which reflect management’s current expectations, estimates, projections, assumptions and information currently available to management, and are not guarantees of future performance or actual results. Important risks that could cause our results to differ materially from those expressed in or implied by these forward-looking statements or from our historical results include, but are not limited to, risks arising from: competitive markets; U.S. Government spending priorities; changes in contract mix; unilateral contract action by the U.S. Government or unexpected issues related to the DoW's investment in our subsidiary; uncertain economic conditions; future geo-political events; supply chain disruptions; indebtedness; interest rates and other market factors; and changes in effective tax rate or additional tax exposures. These and other important risks that could impact forward-looking statements are described more fully in the "Risk Factors" in our Form 10-K for fiscal 2025. All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are qualified by the cautionary statements in this section, and we have no duty to and disclaim any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events or developments or otherwise.

*Organic revenue is a non-GAAP Financial Measure defined and reconciled to GAAP in Table 5.

VIEW FULL RELEASE WITH TABLES

Vancouver, BC – May 1, 2026 – Canadian defence technology company Juno Industries (“Juno Industries” or the “Company”) today announced the successful close of its $12,000,000 oversubscribed financing of subscription receipts (the “Financing”), bringing in new capital to support the next phase of the Company’s growth.

This financing round welcomed new Canadian institutional, VC, and individual investors. Juno Industries will use the funds to support company and team expansion, R&D acceleration, M&A opportunities, and the development and deployment of needs-based solutions for Canadian and allied national security.

“This round, supported by an engaged and mission-aligned group of Canadian investors, accelerates our ability to build the technology and teams required to establish Canada as a serious, sovereign defence power. We are pleased to partner with this group of investors and we are proud to broaden our work with the Armed Forces as we work to build Canada's modern defence prime,” said Hunter Scharfe, CEO and Co-Founder of Juno Industries.

“Canada and our NATO allies are at a turning point in national defence and Juno Industries exists to be a leader of that transformation,” continued Scharfe.

Last month the company announced the development of its Arctic-ready autonomous platform ‘Polar Nexus’, designed to fortify and modernize communications and enhance sensing and intelligence capabilities across defence and commercial markets, with an initial focus on the Canadian North.

About Juno Industries Inc.

Juno Industries is a defence technology company with a mission to re-establish Canadian dynamism by building a leading modern defence prime. Juno Industries is focused on developing and deploying advanced autonomous robotic systems, AI-native command and control software, and persistent sensor fabrics to strengthen Canadian and allied national security, sovereignty, and defence capabilities by harnessing Canadian technical talent and innovation. The company has released Polar Nexus, an autonomous platform designed to fortify communications and enhance sensing and intelligence capabilities in the Arctic and harsh environments. Juno Industries is co-founded by former Minister of National Defence Harjit Sajjan and technology entrepreneur Hunter Scharfe. Learn more at junoindustries.ca​​​​​​​​​​​​​​​​

Toronto Global urges the federal government to launch a merit-based selection process with published criteria and a clear timeline.

TORONTO, May 1, 2026 /CNW/ - Toronto Global today welcomed the announcement that Canada has been selected as the host country for the Defence, Security and Resilience Bank (DSRB), a new multilateral institution backed by approximately forty NATO and allied Indo-Pacific governments.

The DSRB is modelled on the World Bank. Member governments contribute capital; the bank issues bonds on international markets and lends the proceeds to participating countries at rates lower than most could secure independently. The institution is designed to finance defence procurement, industrial expansion, and infrastructure resilience at the scale and tenor that commercial markets are not built to supply. It is expected to create more than 3,500 jobs in the host country across defence finance, international operations, and specialized research.

Toronto's case rests on the fundamentals required to support a bank of this scale from day one. The region is home to more than 315,000 professionals in finance and insurance, more than the combined total of the other Canadian bid cities. It also houses the country's core financial infrastructure, concentrated within a few blocks of Bay Street. That proximity brings together regulators, market operators, clearing and settlement systems, institutional capital, and global banks into a single, functioning environment. It is further strengthened by direct international connectivity through Toronto Pearson, Canada's largest airport and a primary gateway for global business. Together, these elements form a complete operating system for a multinational financial institution.

Allied governments have made decisions like this before. When the European Bank for Reconstruction and Development was established in 1991, they chose London because it had, on day one, the financial depth, regulatory architecture, and concentration of institutional capital the new bank would need to function. That decision shaped what the EBRD became, and it has never seriously been revisited. The same logic has now been applied in selecting Canada to host the DSRB. The next decision is where in Canada the bank's headquarters will sit.

With the support of key political leaders, including Premier Doug Ford, Ontario Minister of Finance Peter Bethlenfalvy, Toronto MP Julie Dzerowicz, and Toronto Mayor Olivia Chow, Toronto Global has made the case throughout this process that Toronto is the right answer. The city is the second-largest financial centre in North America and home to Canada's largest financial services workforce. Each of Canada's Big Five banks (RBC, TD, Scotiabank, BMO, and CIBC) runs its global operations from the Financial District. So do Canada's largest insurers, including Manulife, Sun Life, Intact Financial, and Fairfax Financial Holdings, and four of the country's Maple 8 pension giants: CPP Investments, OMERS, the Ontario Teachers' Pension Plan, and the Healthcare of Ontario Pension Plan. The Ontario Securities Commission, TMX Group, the Canadian Investment Regulatory Organization, and the Canadian Depository for Securities sit within a few blocks of each other downtown. Both the Global Risk Institute, a 50-member organization across Canada's banking, pension, and insurance sectors, and Toronto Centre, which has trained financial supervisors and regulators from more than 190 jurisdictions, operate from the same neighbourhood.

Other cities have put themselves forward to host the DSRB headquarters. We look forward to the federal government launching a transparent, merit-based bid process in the near future. Allied partners and investors will be watching this decision, and a process grounded in stated criteria supports Canada's credibility internationally, and strengthens the outcome for whichever city is selected.

Rod Phillips, Chair, Toronto Global:

Stephen Lund, CEO, Toronto Global:

About Toronto Global

Toronto Global brings world-class international investment to the GTA to create jobs and strengthen the economy. We do it by proactively pursuing global companies and supporting every stage of their journey, from first outreach to final decision. Partner with us to grow the Toronto Region's economy.

TORONTO and LISBON, Portugal, April 30, 2026 /CNW/ - Arcanus Aerial Systems Inc. ("Arcanus"), a Canadian-controlled defence drone platform, today announced the execution of a binding Term Sheet with Beyond Vision, S.A. of Lisbon, Portugal -- widely recognized as one of Europe's most decorated and fastest-growing unmanned-aerial-systems companies. The agreement grants Arcanus the right to manufacture, commercialize and support Beyond Vision's flagship UAV platforms in Canada and on Canadian-funded export sales.

The signed term sheet was executed by Beyond Vision's President of the Board, Dário Filipe Romana Pedro, on April 29, 2026, and by Matthew Ewing, Executive Vice-President of Arcanus, on April 28, 2026. It is the latest in a rapid sequence of executed commercial milestones as Arcanus moves towards building sovereign capacity.

A Partner the World Has Already Validated

Beyond Vision is not an emerging vendor -- it is a recognized European defence champion. The company's reception by governments, multilateral institutions and the international press over the past several years speaks for itself:

• Singled out by Brussels. The European Defence Agency's 2024 Industrial Report named Beyond Vision among the companies "leading Europe in drone innovation and military applications," and the European Commission's Defence and Space Commissioner publicly cited Portugal's defence-tech ecosystem -- with Beyond Vision at its centre -- as "an example for the entire European Union."

• A wall of awards. European Commission Seal of Excellence. Altice International Innovation Award. NOS Startup World Award. Microsoft Startup Award. ISO 9001 certified. Accredited by the Portuguese Ministry of Defence for Security and Defence applications.

• Trusted by NATO members in active service. The Portuguese Navy has operated a Beyond Vision fleet since 2022 under a multi-year contract that includes aircraft, payloads and the company's beXStream cloud-based command platform.

• Selected for Europe's flagship defence experiments. Beyond Vision was chosen to participate in the European Defence Agency's inaugural Operational Experimentation Campaign (OPEX 2025) under the Hub for European Defence Innovation, and in the multinational REPMUS 2025 robotic-systems exercise -- placing it alongside the most advanced unmanned-systems programs on the continent.

• Battle-validated in Ukraine. International defence press has reported Beyond Vision platforms in active operational use in Ukraine -- the most demanding electronic-warfare environment in the world today.

• A founding-team pedigree. CEO Dário Pedro holds a PhD in Artificial Intelligence; the leadership bench combines academic excellence with veteran Portuguese Navy and Air Force flight experience.

This is the calibre of partner Arcanus has now formally aligned with for Canadian production.

What the Licence Delivers to Arcanus

From day one, the executed term sheet provides:

• Canadian sovereign manufacturing rights to produce, commercialize and support Beyond Vision's flagship UAV platforms in Canada, with sales permitted to Canadian and Canada-funded customers, plus non-competitive external sales on notice.

• Exclusivity in Canada tied to the agreed annual royalty minimum -- a performance threshold Arcanus is structurally positioned to clear.

• Joint ownership of process improvements, with Arcanus owning Canadian-originated modifications and integrations outright -- establishing the company as a co-developer, not merely a contract manufacturer.

• Quality of partner. Beyond Vision does not licence to start-ups. They licenced to Arcanus because the binding orders, the Canadian sovereign-credit pathway through CCC/EDC, and the manufacturing footprint are already in place to deliver.

"Beyond Vision is the kind of partner an investor cannot manufacture out of thin air -- they are recognized in Brussels, awarded across Europe, trusted by NATO members, and proven in the field," said Matthew Ewing, Executive Vice-President of Arcanus Aerial Systems. "To have them choose Arcanus as their Canadian licensee is a powerful third-party validation of everything we have been telling investors."

"Canada's ITAR-free posture, combined with Beyond Vision's European credibility and our customer pipeline, creates a sovereign export channel that competitors cannot replicate," added Sandi Banerjee, President & Chief Operating Officer of Arcanus. "We are executing the playbook - partnership, production, purchase order, payment -- and we are doing it in weeks, not quarters."

About Arcanus Aerial Systems Inc.

Arcanus Aerial Systems Inc. is a Canadian-controlled, sovereign-supply-chain defence drone platform headquartered in Toronto. Through a curated portfolio of Technology Partnership Agreements -- now augmented by the Beyond Vision licence -- Arcanus delivers battle-validated UAV solutions to NATO, Five Eyes and allied end users, and is positioned as a full defence-stack aggregator with announced or signed access to UGVs, ammunition, precision munitions and explosives. Arcanus' commercial pipeline includes a $28.3M binding Liberia purchase order, $84M of executed LOIs (Bulgaria + Chile), and $3.09B of annualized Ukrainian demand backstopped by the CCC/EDC three-way contract framework.

About Beyond Vision, S.A.

Founded in 2013 and headquartered in Alverca do Ribatejo, Portugal, Beyond Vision is one of Europe's most decorated unmanned-aerial-systems companies. The company's honours include the European Commission's Seal of Excellence, the Altice International Innovation Award, the NOS Startup World Award, and the Microsoft Startup Award; it is ISO 9001 certified and accredited by the Portuguese Ministry of Defence. Beyond Vision is a multi-year supplier to the Portuguese Navy, has been selected for the European Defence Agency's flagship OPEX and REPMUS exercises, and has been cited by Brussels and the European Defence Agency among the companies leading European drone innovation. The company is doubling its production capacity in Alverca and has expanded across the United States, Brazil, the Middle East and Eastern Europe.

OTTAWA, ON, April 29, 2026 /CNW/ - DEFSEC Technologies Inc. (TSXV: DFSC) (TSXV: DFSC.WT.U) (NASDAQ: DFSC) (NASDAQ: DFSCW) ("DEFSEC" or the "Company") today confirmed that it has now shipped two new networked BLISSTM systems to the United States Army Yuma Test Center (US Army YTC) for test and evaluation.

The BLISSTM shipment today to the US Army YTC follows delivery of an earlier version, called BLDS (Battlefield Laser Detection System) to the U.S. Army last year for testing and trial activity. BLISSTM is an enhanced, networked version of BLDS as the next step in the evolution of the Company's technology roadmap for battlespace laser detection and intelligence.

The patent-pending BLISSTM system alerts operators to laser activity across the battlespace, providing critical early warning and valuable seconds to assess, evade, defend, and deploy countermeasures. Miniaturized BLISSTM sensors can be mounted on vehicles and fixed infrastructure, or worn on personnel, to affordably blanket a battlespace with sensors for enhanced survivability and situational awareness and battlespace intelligence in contested environments. It transforms laser warning into shared, actionable battlespace information.

Beyond real-time detection, BLISSTM incorporates enhanced laser pulse signature capture and analysis to help identify the source, intent, and affiliation of detected emissions. By enabling users to distinguish among known signatures, the system supports faster, more informed tactical decisions.

"The BLISSTM system shipped today to Yuma for US Army testing represents a major step forward in tactical-edge force protection and actionable battlespace intelligence for commanders," said Sean Homuth, President and CEO. "This capability will provide operators with critical time, better information, and a meaningful operational advantage against laser-enabled threats, including those seen in current Middle East conflicts."

DEFSEC expects to brief domestic and foreign delegations on its BLISS product at Canada's upcoming annual defence and security show, "CANSEC", May 27 and 28, 2026, in Ottawa.

About DEFSEC

DEFSEC (TSXV: DFSC) (TSXV: DFSC.WT.U) (NASDAQ: DFSC) (NASDAQ: DFSCSW) (FSE: 62UA) develops and commercializes breakthrough next-generation tactical systems for military and security forces. The company's current portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users' smart devices and weapons. Other DEFSEC products include countermeasures against threats such as electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems, and all come integrated with TAK. The company also has a new proprietary less-lethal product line branded PARA SHOTTM with applications across all segments of the non-lethal market, including law enforcement. The Company is headquartered in Ottawa, Canada.

April 29, 2026 – Montréal, Québec - Department of Finance Canada

In an increasingly uncertain and divided world, Canada is stepping up to lead with allies and partners the establishment of the Defence, Security and Resilience Bank (DSRB).

Multilateral negotiations in Montréal on the DSRB’s Charter have concluded, an important first step to set up the new institution. The DSRB will provide long-term, low-cost financing for defence, security, and resilience initiatives across supply chains, helping small- and medium-sized enterprises and member governments to address critical financing gaps.

Together, we have recognized the urgency of crafting a new multilateral institution that will leverage shared resources to support more growth for our industries than can be achieved individually. This will support member nations to be ready and able to meet today’s defence challenges with speed and resilience.

Participating countries unanimously supported that, once ratified, Canada, which hosted the negotiations, will serve as host country for the DSRB’s future headquarters. The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, along with the Honourable David McGuinty, Minister of National Defence, and the Honourable Anita Anand, Minister of Foreign Affairs, appreciated this decision and recognize that much work remains ahead to establish the DSRB. They reaffirm Canada’s commitment to work together with partners on the next critical phase to make the shared vision a reality.

Canada has a strong foundation in finance, defence, aerospace, and advanced manufacturing, alongside a dynamic innovation ecosystem enhanced by the measures outlined in the Government’s recent Defence Industrial Strategy, and we are well positioned to support collaboration across borders and industries.

Budget 2025’s historic defence plan—including more than $80 billion in investments—alongside Canada’s newly unveiled Defence Industrial Strategy, underscore the seriousness with which the government of Canada is advancing its rearmament efforts and reinforces Canada’s role as a trusted partner in collective defence and security.

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Quick facts

• Isabelle Hudon, President and Chief Executive Officer of the Business Development Bank of Canada (BDC), is Canada’s lead negotiator for establishing the DSRB.

• Canada achieved NATO’s 2 per cent of GDP spending target this fiscal year —and is on a pathway to meet NATO’s Defence Investment Pledge of spending 5 per cent of GDP on defence by 2035.

• On February 2, 2026, the Minister of National Defence and the Minister of Finance and National Revenue met with Canada’s leading financial institutions for a defence financing roundtable and indicated that the government is publicly backing the DSRB initiative.

• On February 17, 2026, the Prime Minister launched Canada’s Defence Industrial Strategy, which outlines how Canada will enable its defence industry to provide technological and operational advantage to the Canadian Armed Forces by renewing our relationship with industry, transforming procurement through the new “Build-Partner-Buy” framework, investing in Canadian innovation and commercialisation, securing supply chains and working with key domestic and international partners.

Noah Note: Nothing much different than yesterday, but wanted to post the official presser.

To cap off one last thing today, on top of everything else, we finally have some uodste on Canada’s HIMARS saga. The U.S. Department of Defense has officially published a $1.13 billion contract for the next major production lot of M142 HIMARS, officially cementing Canada’s place in the production pipeline.

Awarded to Lockheed Martin, the undefinitized contract covers Full Rate Production Lot 17. It also includes Australia, Estonia, Sweden and Taiwan. Credit to my buddy Colby Badwhar who has taken thr mandate of keeping track of all these for everyone.

For those who need a refresher, Canada officially received approval to move on contracting HIMARS back in October. That initial package, valued at $1.75 billion included:

• 26 x M142 High Mobility Artillery Rocket Systems

• 132 × M31A2 GMLRS Unitary pods - with Insensitive Munitions Propulsion System (IMPS).

• 132 × M30A2 GMLRS Alternative Warhead (AW) pods - with IMPS.

• 32 x M403 Extended Range (ER) GMLRS AW pods - with IMPS.

• 32 × M404 ER GMLRS Unitary pods - with IMPS.

• 64 × M57 Army Tactical Missile System (ATACMS) pods

The contract also included various support and training services including, but not limited to Low Cost Reduced Range Practice Rocket pods, Integration support services, Spare parts, Tool kits, Training (and training equipment), and Type-1 radios (AN/PRC-160 and AN/PRC- 167)

It has been a long road to this point. Canada has been trying to get in on HIMARS for several years now, having determined it the only platform that met both Canada’s mobility and timeline requirements. That is the need to be C-130 transportable.

You can read all about that here, where I go into it in details. Delivery will start in 2029, ahead of the 2031/2032 timeline set out by LRPF(L), though truthfully almost any platform would have likely been early admittedly.

Not included yet is PRSM, which will be included in a future munitions package. Consider this the cap of today I guess, especially funny after Hanwha’s Chunmoo production announcement today and their missile announcement yesterday. Both of which tie back a lovely little loop here.

Anywho, I am very tired so I won't go to far inti things. However I did want to highlight this moment for everyone, as it is important. This officially sets Canada on the road to having a dedicated, land-based Long-Range Strike capability back for thr first time since the 60s.

What a fun way to cap such a fun day!

As Pippa points out this is fairly ahead of expectations. I was expexting things to drag into the summer, though to collaborate on info I have also heard of this selection earlier this afternoon. I was going to wait for an official announcement, but it's getting out there fast now.

To recap for all the new folks… The DSRB envisions itself as a conduit delivering long-term, low-cost financing for defence and dual-use projects backed by the combined credit strength of member states and financial tools from private partners.

The bank will provide AAA-backed loans and guarantees not just to countries looking to finance new procurements, but also to companies looking to strengthen the Western Defence Industrial Base and supply chain.

The bank is owned by the collective member states that sign the charter. As a cost of signing, member states pay an immediate contribution (representing 20% of the bank's funding) to provide initial capital to the bank. This is supported by Callable Capital, which will be backed by the proposed AAA-rating the bank aims to secure through the ownership of its member states.

In theory, this allows member states and industry access to significant capital without having to take on the debt directly. It provides defence-specific financial support that doesn't contain the restrictions, while providing more long-term, diverse financing options.

The bank envisions itself as a global system accessible to NATO members, EU member states, and Indo-Pacific partners. It is not a NATO fund as some media portrays it. It is an open, collective financing instrument that, in theory, would allow anyone deemed eligible.

This is a major win for the Carney government, who have been heabily pushing the DSRB the last few months. It has been Canada championing the DSRB. It was Canada who has been putting in the effort to bring people to the table. It has been Canada who has put the financial and institutional resources into starting up the DSRB.

All Six of Canada’s major banks, National Bank, RBC, CIBC, Scotiabank, BMO and TD havw confirming their intent to support the new bank. Ontario, Montreal, and British Columbia have put out their bids in an attempt to swoon a potential choice of location for the new bank. I should note that I hear Toronto is currently the favorite, but don't quote me.

It has been one of the major soft-power exercises the feds have engaged in, and one they were hoping to pull people into. Reactions have been mixed, I should note. Partners like the UK and Germany have not been enthusiastic about the DSRB or it's potential, favouring their own domestic options and in the case of Germany EU programs like SAFE.

So to see the final roster of participants will be noted. Of course there has been no official announcement or confirmation. We have to wait for that, but I did want to prop up Pippa and her great work here.

EDMONTON, AB, April 29, 2026 /CNW/ - Today, Canadian Strategic Missions Corporation (CSMC) is proud to announce that it has been awarded $5 million from the Government of Alberta to partner on a visionary project that has the potential to transform the future of made-in-Canada energy solutions. The $10 million project, to be carried out in partnership with the University of Alberta, will deliver an unfueled version of a reactor that tests small-scale nuclear technology, which could provide reliable, emissions-free power, particularly for communities and industries that need steady electricity around the clock.

CSMC is also pleased to announce that it has entered a Memorandum of Understanding with the University of Alberta to collaborate on key research areas that will strengthen Canada's ability to advance and deploy nuclear power. This partnership will help accelerate innovation, deepen Canadian expertise and support the development of a more resilient domestic nuclear sector.

In a time of economic uncertainty and geopolitical tensions, this technology has the potential to supercharge Canada's industry and reinforce our defence capabilities, helping to secure Canada's sovereignty in this rapidly changing global landscape.

"This funding from the Government of Alberta is a significant step towards our goal of delivering sovereign energy solutions for Canada's defence and economic prosperity," said Daniel Sax, CEO and Founder of CSMC. "A new research reactor with the University of Alberta will be a key foundational block on which not only we, but the entire nuclear energy industry in Alberta, can build – delivering innovation, skilled labour, academic excellence, and technological development. This project is illustrative of the new nuclear sector in which the private sector is driving rapid innovation and progress, hand in hand with government and institutions."

"Investments like this one underscore Alberta's global leadership in responsible energy development and advanced technology. Alberta is proud to support cutting–edge nuclear innovation that can deliver reliable, emissions–free power for decades to come, while strengthening our economic resilience and energy security, said Grant Hunter Minister of Environment and Protected Areas.

The prototype reactor, which will be brought online at the University of Alberta in Edmonton, represents the cornerstone of nuclear energy innovation. By providing an opportunity to streamline technical validation, this project will help safely bridge the gap between research and commercial deployment-- leveraging private sector expertise to cut red tape and empower Canada to maintain pace with global leaders, including the United States, who are rapidly accelerating their own advanced nuclear programs. It will play an important stepping stone in what CSMC believes can be the first new research reactor delivered in Canada in decades, a crucial step for realizing Canada's and Alberta's stated nuclear ambitions.

"Nuclear power is quickly becoming a crucial component of the world's energy landscape," said Aminah Robinson Fayek, Vice President (Research) from the University of Alberta. "Our team is excited to partner on such an important project. This unfuelled prototype will help demystify the way this technology can be used to deliver sustainable, reliable power, while collecting feedback from researchers and community stakeholders to enhance this technology for future use."

CSMC is dedicated to helping Canada become a global energy superpower, providing energy solutions in the most challenging environments. Through partnerships and announcements like the one made today, CSMC is demonstrating its commitment to working with partners at all levels of government to unlock Canada's nuclear potential, reinforce Northern defence and position Canada as a world leader in durable, clean energy technology.

About Canadian Strategic Missions Corporation (CSMC)l

Founded in 2020, Canadian Strategic Missions Corporation (formerly Canadian Space Mining Corporation) is a Canadian space and defence company developing mission-critical technologies at the intersection of energy, resources, and sovereignty. Through its subsidiaries - CSMC Nuclear and CSMC Labs - the company is advancing innovation in microreactor systems, energy resilience, and dual-use technologies to support Canada's strategic missions on Earth and beyond.

Noah Note: After I just mentioned them earlier lol. Congrats to CSMC. They deserve it. Really happy to also see Alberta taking the leap here and jumping in. The province has plans for both small and large-scale nuclear deployments, and it is nice to see some, even if small, movement on that.

OTTAWA, ON , April 29, 2026 /CNW/ - The world is changing rapidly, and increasingly Canadians understand that economic security requires energy sovereignty. That is why the Government of Canada is strengthening our energy sector and using every lever to unlock Canada's potential as an energy superpower, including supporting and advancing our nuclear energy leadership.

Today, at the Canadian Nuclear Association Conference, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, announced that Natural Resources Canada (NRCan) is developing a transformative new Nuclear Energy Strategy for Canada, to be released by the end of 2026.

The Strategy will build on decades of made-in-Canada innovation, including in CANDU™ technology; abundant uranium resources; a first-class workforce; and a world–leading safety regime.

It will focus on growing Canadian industry in order to achieve energy affordability and security at home while seizing the global opportunity of a global industry that is expected to grow by up to $200 billion per year by 2030. Working in partnership with provinces and territories, utilities, industry, Indigenous partners and labour, a targeted nuclear energy agenda will help Canada expand our grid, electrify our economy, create thousands of jobs, unlock trade diversification opportunities and secure our energy supplies at home.

The Strategy will be structured around four pillars:

• Enabling New Builds Across Canada;

• Being a Global Supplier and Exporter of Choice;

• Expanding Uranium Production and Nuclear Fuel Opportunities; and

• Developing New Canadian Nuclear Innovations (including fission and fusion).

Delivering on this Strategy means turning innovation into real–world solutions for Canadians, particularly those living where energy security and affordability are fragile. That is why Minister Hodgson, on behalf of the Honourable David J. McGuinty, Minister of National Defence, announced that the Government of Canada, through the Department of National Defence (DND), is making an initial $40-million investment for 2026–2027 to assess the potential of a Canadian–controlled microreactor that could provide heat and electricity to remote and northern DND and Canadian Armed Forces (CAF) facilities and operations.

The underpinning of Canada's nuclear sector is science, research, technology and innovation. That is why the federal government has committed $2.2 billion over ten years in capital investments at the Chalk River Laboratories, Canada's national nuclear labs. This includes the new Advanced Materials Research Centre and other critical infrastructure across the campus. This funding will allow AECL to combine the capabilities of outdated facilities into a modern facility and laboratory research complex that can support Canada's continued nuclear energy leadership, including for CANDU technology; nuclear safety, security and forensics; small modular reactors; reactor fuel development; and supporting utilities with reactor life extension and reliability.

The world is changing fast, and the Government of Canada is focused on what we can control: delivering secure, affordable and clean electricity that powers homes and businesses and unlocks long-term economic growth. Our clear plan, with Canadian innovation at its core, will allow Canada to build the energy security and competitiveness the future demands.

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Quick Facts

• Today, nuclear power generates approximately 13 percent of Canada's electricity from 17 CANDU reactors in Ontario and New Brunswick.

• The nuclear energy sector adds $22 billion annually to the Canadian economy.

• With an endowment of the world's highest-grade uranium, and as the world's second-largest producer, Canada produced roughly 24 percent of total global uranium output in 2024. About 90 percent is exported to other countries where it is used peacefully as fuel in nuclear power plants.

• All active uranium mining and milling is concentrated in Saskatchewan. This activity contributed approximately $2.6 billion to Canada's economy in 2024 while directly employing over 3,400 Canadians -- nearly half of whom are workers and residents in Saskatchewan's north.

• On September 11, 2025, Prime Minister Carney referred the Darlington New Nuclear Project to the Major Projects Office.

• Early investments in the Government of Canada's microreactor feasibility program include $6 million in 2025–2026, $4.7 million of which was dedicated to research and development conducted at Chalk River Laboratories, Canada's national nuclear laboratory.

Noah Note: I like Nuclear news, so I am very happy to see the Federal government continue the string of nuclear developments we're seen over the last year and a half with a proper nuclear strategy. Better now than never, especisllt as Canada positions itself as a nuclear exporter to markets like Europe, SEA, and the Middle East.

The obvious defence prioirty here is the new funding for microreactor development. Lots of other countries, including the United States, China, UK, and France are also looking at such possibilities, with the USAF recently downselecting several potential providers under the Advanced Nuclear Power for Installations initiative.

Canada, of course, has a long history with microreactor developments, such as the old SLOWPOKE series. Canadian companies like CSMC and Boreal are both working on their own microreactor developments, with CSMC revently receiving a $1 million contract to continue work on developing their LEUNR microreactor concept back in October.

Microreactors have a world of potential for operations in the North amd Remote Communities. That isnt just from a power aspect. My dear pops, if he were here (he isnt on substack), would be quick to remind that reactors aint just for running the lights, and their applications can be scaled to target other areas, such as heating, a major economic cost on many northern communities.

I should write a post about it. It's honestly a really cool concept, the historical stuff related fo this topic. Canada has always been a nuclear power since the beginning, and our fall from position was nearly entirely a self-deprecative choice that has come to bite us as we try to play catch up.

SMR, Microreactors, small reactors for maritime applications, stuff like SLOWPOKE and AMPS… All things we had forty years ago. All thing's that we developed when the world didn't care. Now look at us, playing catchup to concepts we once prided ourselves on….

April 29, 2026

TORONTO – Canada’s Automotive Parts Manufacturers’ Association (APMA) and Hanwha Corporation today announced a landmark joint venture to establish a new Canadian entity with full capabilities to produce non-commercial industrial vehicles for Canada as well as heavy military vehicles for domestic and global markets.

The new range of vehicles will be fully produced in Canada by Canadian workers with ‘Made in Canada’ parts and materials, including steel and aluminum. The venture, which is fully contingent on Hanwha’s KSS-III being selected for the Canadian Patrol Submarine Project (CPSP), will protect and create tens of thousands of automotive sector jobs for Canadians while establishing a domestic production capability to supply non-commercial industrial vehicles, including military vehicles, in Canada and globally.

This joint venture between APMA and Hanwha would feature Canadian majority ownership and board membership, and the CEO will be Canadian. This initiative supports and advances the “Build in Canada” pillar of Canada’s recently released Defence Industrial Strategy (DIS) and will provide the country with an ability to produce its own defence equipment enabling the conditions that directly benefit domestic industry and ensure Canadian sovereign control; create quality jobs and economic benefits for all Canadians; and increase the share of defence acquisitions awarded to Canadian firms.

APMA and Hanwha will work together to establish a sovereign Canadian automotive business unit that would be focused exclusively on the design and production of non-commercial, industrial vehicles, including heavy axle and special purpose vehicles, for use by the Canadian Armed Forces, federal, provincial and municipal government departments and agencies, emergency services, and Arctic and Crown resource-sector operations, providing a world class fleet of vehicles with the ability to export to allied-nations.

As part of the joint venture, should the KSS-III submarine be selected for CPSP, the APMA and Hanwha will establish production capabilities in Canada for the following military vehicles:

• K9 Thunder Self-propelled Howitzer and K10 Ammunition Resupply Vehicle

• Redback Infantry Fighting Vehicle

• Chunmoo Multiple Launch Rocket System

• Uncrewed Ground Vehicles

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About Automotive Parts Manufacturers’ Association (APMA) (www.apma.ca)

The Automotive Parts Manufacturers’ Association (APMA) represents Canada’s OEM suppliers to the global automotive sector, specializing in volume parts, tooling, automation, software (including AI and machine learning), advanced materials, critical minerals and EV battery technology. Since 1952, the APMA has been at the forefront of promoting Canada’s automotive manufacturing industry both domestically and internationally, supporting OEM suppliers as they lead innovations in an evolving global marketplace.

About Hanwha Group (hanwha.com/)

Hanwha, a Fortune 500 company with more than 100,000 employees and 91 subsidiaries globally, is South Korea’s seventh-largest business group, with innovative businesses in the areas of aerospace & mechatronics, clean energy & ocean solutions, finance, and retail & services. We are a multinational company with a robust global network of affiliates, which allows us to leverage synergy to deliver transformative solutions and impactful innovations that catalyze sustainable growth across industries and communities. With strong fundamentals in core industries, we enhance lives through our technologies, products, and services.

About Hanwha Ocean (www.hanwhaocean.com/en)

Hanwha Ocean is a leading global shipbuilder with more than four decades of experience in complex naval and commercial shipbuilding programs. Supported by its large-scale, integrated shipyard in Geoje, South Korea that spans 5-square kilometers and has more than 31,000 employees, the company combines proven industrial capacity with operational experience to deliver modern, in-service naval platforms backed by a resilient through-life support model.Since its establishment in 1973, Hanwha Ocean has delivered more than 1,400 vessels worldwide and has built deep expertise in the design, construction and sustainment of submarines and surface combatants for the Republic of Korea Navy. The company builds approximately 45 commercial and naval ships each year.

About Hanwha Aerospace (hanwhaaerospace.com)

Hanwha Aerospace is a leading provider of advanced defence, aerospace, and industrial solutions with a global footprint across Asia, Europe, the Middle East, and the Americas. Its portfolio covers land, sea, air, and space domains, including artillery systems, armored vehicles, precision-guided munitions, aircraft engines, satellites, and space launch technologies. As a core affiliate of Hanwha Group, Hanwha Aerospace is dedicated to strengthening global partnerships through localization, co-production, and technology transfer.

About the KSS-III Canadian Patrol Submarine (www.KSS-III.ca)

Hanwha Ocean’s KSS-III is a proven, in-service, in-active production submarine that fully meets and exceeds all requirements for the Canadian Patrol Submarine Project (CPSP). These include superior underwater surveillance capability and deployability in the Arctic with extended range and endurance that will provide stealth, persistence and lethality to ensure that Canada can detect, track, deter and, if necessary, defeat adversaries in all 3 of its oceans.

Importantly, Hanwha Ocean has the fastest delivery schedule, able to deliver four KSS-III submarines to fully replace Canada’s current Victoria Class fleet before 2035 if on contract in 2026. Earlier retirement of the Victoria Class fleet will result in estimated savings of approximately $1 Billion on maintenance and support costs. The additional 8 submarines will be delivered at a rate of one per year, meaning the entire fleet of 12 submarines will be delivered to Canada by 2043. No other option can come anywhere close to this delivery schedule.

Noah Note: Well, after I said yesterday that I didn't think thing could get much more surprising, Hanwha proves me wrong by breaking the emergency glass and throwing their full roster into the rings.

Of course the announcement on it's own is fairly bare of details, however, if you are a longtime follower of TNSR than this will actually be a bit of deja vu, because this isnt the first time Hanwha has mentioned this.

If you remember back in September, we reported exclusively on Hanwha’s proposal that they gave to the Canadian Armed Forces last year to rebuild both the CAFs capabilities and strengthen Canada’s Industrial base.

That proposal was actually three separate packages, each designed to build off one another as part of a comprehensive offering to Canada, the last of which would see the establishment of a Hanwha manufacturing center in Canada to produce an array of ground vehicles domestically.

For those who wamt the quick rundown, I made a little chart.

Of course this proposal has shifted in the last year, and the original intent was reliant on Hanwha winning competitions like Indirect Fires Modernization. We now see a bit of a shift, with Hanwha positioning a potential Canadian facility with or without securing an army contract.

The facility would be based off of Hanwha’s Armoured Vehicle Centre of Excellence, often referred to as H-ACE, in Geelong, Australia. That facility peoduces both the K9, K10, and now the Redback.

That alone makes the situation far more interesting, with Hanwha seemingly ready to jump in beyond the usual catalogue and into manufacturing a range of vehicles, including potnetially things like Class 8 Trucks for civil and military uses.

Of course, we do have a MSVS replacement on the cards, so maybe this isnt as out there as I would usually joke. Of course the position here, if I can guess? Is to leverage the old Doosan DST catalogue of vehicles domestically in Canada. At least at the start.

Of course Automotive manufacturing has been one of the major asks of the federal government, in fact we were the first Canadian outlet to report it! We actually talked about it a lot. It has been one of the major demands of certain forces in cabinet (primarily Joly and Champagne as I know) to see automotive tied into the CPSP bids.

This, of course, seems to be the major consuquence of that. While both TKMS and Hanwha, along with their respective governments, put the pressure on the likes of Hyundai Motors and Volkswagen to make commitments, both sides proved heavily hesitant to any sort of additional Canadian investments.

Hyundai eventually agreed to working on Hydrogen development, including for commercial platforms, and Volkswagen has remained open to additional investments in PowerCo, though they aint in the best position.

So this seems to be a consuquence of that. I should also note that today is the final day for both Hanwha and TKMS to submit their revised bids. Both sides we're given an extension to allow them to address potential issues and clarifications that the government raised, as well as to “take into account the new Defence Industrial Strategy”

So there was an extreme amount of pressure put on everyone to really cement people down. That doesn't mean we won't have announcements still, almost certainly we will. However there is incentive to have things out there quick and early.

Keeping in mind yesterday's announcements, it is fairly safe to say that Hanwha is also looking to heavily position Chunmoo deapite the Canadian Army moving to contract on HIMARS. The official message is that this is tied to third-party export, however, I always make note that Hanwha is still campaigning Chunmoo as an option for the CAF, and rumors are there is still some interest in Chunmoo as a low to the HIMARS high, and while I don't really believe the army is thinking that, it still is fun to talk about.

Also interesting here is the K9. Previously, one of the major advantages for General Dynamics was that it was the only locally produced option available domestically with the LAV 10x10 and RCH module. Adding on a potential local K9 production capacity, which again Hanwha is seemingly focusing narratively as an export facility over being tied to Canadian contracts, shifts that narrative a bit, especially if they're pulling in a Canadian-supplied chassis.

Of course I still think the LAV 10x10 is the want, and the heavy favorite even with this. The Canadian Army evidently wants their future howitzer on a LAV chassis, at least from what I gauge. There is a heavy desire for that commonality in the supply chain and for a vehicle with the protection levels of the LAV.

I don't think that changes with this. Certainly I don't think the Canadian Army will suddenly find a love of tracked SPH, however it does make the competiton a bit more interesting, dependent of course on how this facility looks. Maybe I'll ask for more details on the plans. That would be cool.

So, this is interesting. No doubt. Does it change plans and expectations? Not at this moment, no. I don't think it will until there is more development. Yes, I know LGen Wright spoke on K9 recently and was friendly. I don't think hes positioning K9 as a leader. I think he was just being very nice and friendly.

Either way, a major development, and likely to satisfy at least a few of the Automotive cliques desires for new automotive manufacturing in Ontario. Will it fully? I don't think so, but they'll likely take it as better than nothing considering almost all the other major players in both Korea and Germany are silent.

Time will tell.

April 29, 2026 – Halifax, Nova Scotia – National Defence / Canadian Coast Guard

Today, in Halifax, Nova Scotia, the Canadian Coast Guard celebrated the launch of the Canadian Coast Guard Ship (CCGS) Donjek, the first of two Arctic and Offshore Patrol Ships being built for the Canadian Coast Guard at Irving Shipbuilding Inc., as part of the National Shipbuilding Strategy.

Built to expand the Canadian Coast Guard’s patrol and icebreaking capacity, the CCGS Donjek will support a wide range of missions, including offshore fisheries patrols, conservation and protection, and search and rescue operations along Canada’s east coast. The vessel will also support operations across the Canadian Arctic.

Equipped with modern communications systems and designed for multi-mission flexibility, the CCGS Donjek will strengthen the Canadian Coast Guard’s ability to operate effectively in remote and coastal communities. The vessel includes a medical cabin and modular accommodations, enabling humanitarian assistance and community resupply operations when required.

Its adaptable design allows it to support a broad range of operations, including scientific research, aids to navigation, and emergency response—ensuring it can respond to evolving operational demands.

In fiscal year 2025–26, Canada invested more than $63 billion in defence and security across government, strengthening national readiness and supporting the renewal of federal maritime capabilities. These investments include significant funding for equipment, infrastructure, and the domestic shipbuilding industry, including the construction of new Arctic and Offshore Patrol Ships for the Canadian Coast Guard.

Strengthening Canada’s maritime capability and supporting national security with modern assets has never been more important. These investments ensure the Canadian Coast Guard can continue delivering critical services in the Arctic and along Canada’s vast coastline.

Quotes

Quick facts

• Following successful sea trials, CCGS Donjek is expected to be delivered to the Canadian Coast Guard in late 2026, followed by the second Arctic and Offshore Patrol Ship, the CCGS Sermilik, in 2027.

• The construction of the Arctic and Offshore Patrol Ships is part of the National Shipbuilding Strategy and represents a key contribution to renew the Canadian Coast Guard fleet, revitalize Canada’s shipbuilding industry, and provide Coast Guard personnel with the modern vessels they need to deliver essential services.

• Following the successful delivery of six Arctic and Offshore Patrol Ships – also known as the Harry DeWolf‑class – to the Royal Canadian Navy, the Canadian Coast Guard variant of the ship benefits from the lessons learned across the class, resulting in improved integration and efficiency in construction.

• Through the National Shipbuilding Strategy, the Government of Canada is renewing the Canadian Coast Guard’s fleet with modern, Arctic‑capable vessels – including two Polar Icebreakers, up to six Program Icebreakers, two Arctic and Offshore Patrol Ships, and up to sixteen Multi‑Purpose Icebreakers – to provide our personnel with the ships they need to protect mariners, safeguard Canada’s maritime borders, and support Arctic sovereignty well into the future.