South Korea's Hanwha Ocean proposed delivery of four submarines to Canada by 2035
ReutersFeb 4, 2026 6:05 AM
SEOUL, Feb 4 (Reuters) - South Korean shipbuilder Hanwha Ocean 042660.KS said on Wednesday that it proposed the delivery of four submarines to Canada by 2035.
Hanwha is one of two finalists - alongside warship builder TKMS TKMS.DE - in a tender to supply Canada with a new fleet of submarines, estimated by industry sources to be worth more than $12 billion.
Hanwha said in an earnings call on Wednesday that fast delivery is one of the factors Canada considered important.
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