World
Canada reviews Hanwha Ocean submarine bid for new defense and economic partnership
February 4, 2026
This article examines South Korea's push to secure a Canadian submarine contract and strengthen economic ties between the two nations. Stephen Fuhr, the Secretary of State for Defense Procurement, is currently on an official visit to South Korea alongside a group of Canadian business leaders. South Korean officials have pledged to meet all delivery deadlines and have teased several potential trade deals, provided that Ottawa selects the submarine built by Hanwha. Germany's ThyssenKrupp Marine Systems is also competing for the contract. The final decision will come down to which bidder can prove the greatest economic benefits for Canada.
World