Canada Submarine Contract
4 articles from 1 country
Canada is nearing a decision on its C$60 billion submarine project, with Germany's ThyssenKrupp Marine Systems (TKMS) emerging as the preferred negotiator. South Korea's Hanwha Ocean also remains a key contender, with its stock surging on anticipation of the contract award.
Canada picks German firm TKMS for submarine project
- Canada has selected Germany's ThyssenKrupp Marine Systems (TKMS) as the preferred negotiator for its next-generation submarine project. - Prime Minister Justin Trudeau announced the move, initiating talks with TKMS for the Canadian Surface Combatant Project (CPSP). - Canada reserves the right to negotiate with South Korea's Hanwha Ocean if talks with TKMS fail.
Canada to name preferred bidder for $54 trillion submarine project
- Canada is set to announce the preferred bidder for its multi-billion dollar submarine project on July 7. - The competition is fierce between South Korea's Hanwha Ocean and Germany's Thyssenkrupp Mar…
Canada's C$60 Billion Submarine Race Nears Finish Line: South Korea vs. Germany
- Canada is expected to announce its decision on a C$60 billion (approximately $44 billion USD) submarine procurement project as early as July 7. - South Korea, represented by Hanwha Ocean and HD Hyun…
Hanwha Ocean Surges 13% as Canada's Submarine Contract Decision Looms
- Hanwha Ocean's stock price surged over 13% in early trading, driven by anticipation of the Canadian Surface Combatant Project (CSCP) bid results. - The project is reportedly valued at up to 60 trill…
