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Hanwha outlines economic benefits of Canadian submarine program with $94 billion GDP impact projection

Hanwha outlines economic benefits of Canadian submarine program with $94 billion GDP impact projection

Hanwha Ocean outlined its industrial plans for Canada’s future submarine programme, saying the effort could generate significant long-term economic benefits if selected for the Canadian Patrol Submarine Project.

April 25, 2026
Hanwha expands U.S. shipbuilding capacity and showcases technology transfer to support growing Navy production demands

Hanwha expands U.S. shipbuilding capacity and showcases technology transfer to support growing Navy production demands

Hanwha Group is introducing production practices from its Korean operations at its Philadelphia shipyard to address rising U.S. Navy requirements.

April 16, 2026
Hanwha Ocean and Irving Shipbuilding explore deeper partnership to support Canada’s long-term naval capability plans

Hanwha Ocean and Irving Shipbuilding explore deeper partnership to support Canada’s long-term naval capability plans

Hanwha Ocean and Irving Shipbuilding have held high-level discussions in Halifax to explore expanded industrial cooperation.

April 15, 2026
Hanwha Ocean: KSS-III submarine departs for Canada, showcasing long-range capability ahead of joint naval exercise

Hanwha Ocean: KSS-III submarine departs for Canada, showcasing long-range capability ahead of joint naval exercise

Hanwha Ocean has deployed a KSS-III submarine to Canada, marking a milestone in defence cooperation between Canada and the Republic of Korea.

March 26, 2026
Canadian firms and universities join Hanwha Ocean submarine supply chain through CPSP partnerships and research agreements

Canadian firms and universities join Hanwha Ocean submarine supply chain through CPSP partnerships and research agreements

South Korean shipbuilder Hanwha Ocean has signed new industrial and academic partnerships with Canadian companies and universities linked to the Canadian Patrol Submarine Project (CPSP).

March 11, 2026
Canadian Patrol Submarine Project: South Korean Government formally confirms commitment to Hanwha Ocean’s bid

Canadian Patrol Submarine Project: South Korean Government formally confirms commitment to Hanwha Ocean’s bid

The Government of the Republic of Korea has formally reaffirmed its commitment to industrial cooperation in support of Hanwha Ocean’s bid for Canadian Patrol Submarine Project.

February 21, 2026
Canadian Patrol Submarine Project: Hanwha Ocean and Babcock outline partnership centered on jobs and localization

Canadian Patrol Submarine Project: Hanwha Ocean and Babcock outline partnership centered on jobs and localization

Hanwha Ocean and Babcock have confirmed a joint approach to Canada’s Canadian Patrol Submarine Project that places long-term employment, skills transfer, and industrial participation in Canada at the center of delivery.

January 20, 2026
South Korea launches most advanced home-built submarine to date, marking key defence milestone

South Korea launches most advanced home-built submarine to date, marking key defence milestone

South Korea has launched the ROKS Jang Yeong-sil (SS-087), the first KSS-III Batch-II submarine, during a ceremony on 22 October at Hanwha Ocean’s Geoje shipyard.

October 24, 2025
Babcock Canada and Hanwha Ocean sign teaming agreement for Canadian submarine project

Babcock Canada and Hanwha Ocean sign teaming agreement for Canadian submarine project

Babcock Canada and Hanwha Ocean signed a teaming agreement for the Canadian Patrol Submarine Project (CPSP).

September 12, 2025
Hanwha Ocean says it is ready to deliver four KSS-III submarines to Canada before 2035

Hanwha Ocean says it is ready to deliver four KSS-III submarines to Canada before 2035

According to Hanwha Ocean, a further eight submarines would be delivered at a rate of one per year, enabling Canada to complete a 12-vessel fleet by 2043.

August 27, 2025
Canada selects TKMS and Hanwha Ocean as top bidders for multibillion-dollar submarine contract

Canada selects TKMS and Hanwha Ocean as top bidders for multibillion-dollar submarine contract

Canada has identified Germany’s Thyssenkrupp Marine Systems (TKMS) and South Korea’s Hanwha Ocean as the leading contenders for a multibillion-dollar submarine contract.

August 26, 2025
Hanwha Ocean proposes submarine financing and comprehensive industrial partnership for Poland’s Orka programme

Hanwha Ocean proposes submarine financing and comprehensive industrial partnership for Poland’s Orka programme

Hanwha Ocean has formally proposed a sovereign financing package to support Poland’s Orka submarine programme, aiming to provide full strategic autonomy over the initiative.

June 28, 2025
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