News Summary

Calgary-based startup North Vector Dynamics has been awarded a four-year, $4.2-million contract by Canada’s defence department to develop hypersonic propulsion technologies. Co-founded by University of Calgary engineering professors, the company specializes in high-speed aircraft propulsion and AI-guided missile systems. The contract, awarded by Defence Research and Development Canada, aims to advance Canada’s expertise in hypersonic technologies, including cruise missiles and drones. North Vector Dynamics has previously secured $2.5 million in government grants and is supported by Ottawa-based One9, a defence tech VC platform recently acquired by Kensington Capital Partners. The startup is now raising its first round of VC funding amid growing interest in defence technology investments.