Hanwha Ocean partners with Canadian firms to build armored vehicles

13 articles · Updated · Bloomberg · Apr 29

Hanwha Ocean pledges to manufacture armored vehicles in Canada with local auto parts companies if it secures a contract for up to 12 Canadian submarines, valued at tens of billions of dollars.
The South Korean firm is competing against Germany's Thyssenkrupp Marine Systems for the major submarine fleet deal, responding to Ottawa's demand for added industrial benefits.
Prime Minister Mark Carney's government is emphasizing domestic economic gains in defense procurement, encouraging bidders to include local manufacturing and partnerships in their proposals.

Is Canada buying submarines or a new auto industry with its defence budget?

Can a submarine designed for Korean waters master Canada's Arctic and Pacific?

How will this massive contract transform South Korea into a global arms dealer?

Will Hanwha's promise of 22,500 jobs be a real economic boom or just a bid tactic?

As Canada deepens ties with Korea, how will the Trump administration react?

With billions in rare earths on the table, is Germany's offer the smarter bet?