Reaction Dynamics and Hanwha Ocean Co., Ltd. have signed a Memorandum of Understanding (MOU) to explore strategic investment in Reaction Dynamics as part of Hanwha Ocean’s broader commitment to supporting high-potential Canadian companies through a dedicated venture capital fund.
The collaboration forms part of Hanwha Ocean’s industrial participation and long-term economic value strategy associated with its bid for the Canadian Patrol Submarine Project (CPSP). Through its planned venture capital fund, Hanwha Ocean aims to support the scaling, commercialization, and global competitiveness of innovative Canadian companies.
READ: Hanwha, LIG, Magellan Join Forces to Work on CPSP
The collaboration also reflects the growing importance of integrated space and maritime capabilities for Canada and its allies. As defence operations increasingly depend on resilient, pan-domain awareness and connectivity, sovereign launch capacity can play an enabling role in supporting maritime security, Arctic surveillance, undersea operations, and allied interoperability.
Reaction Dynamics is currently developing responsive, deployable orbital launch systems designed to support sovereign and allied access to space from Canada and allied territories. The company’s long-term roadmap includes scalable launch architectures spanning responsive light-lift capability and storable medium-lift systems.
READ: Canada Selects Reaction Dynamics to Advance Domestic Orbital Launch Capability
“This agreement represents an important step in strengthening Canada’s sovereign launch ecosystem and building the long-term industrial relationships required to support the future of responsive, scalable space infrastructure, in particular when it comes to medium lift,” said Bachar Elzein, CEO and CTO of Reaction Dynamics.
“Reaction Dynamics represents the kind of innovative Canadian company we are keen to support as we build our long-term presence in Canada’s industrial ecosystem,” said Steve SK Jeong, Senior Executive Vice President of Hanwha Ocean.
Under the terms of the MOU, the parties will explore potential strategic investment activities, commercialization opportunities, and broader industrial collaboration initiatives aligned with long-term Canadian industrial development objectives.
