Hanwha Ocean Loses Bid in Canada's Submarine Procurement Project, Germany's TKMS Announced Preferred Choice

[Economy] :
Hanwha Ocean has lost a bid to supply Canada with modern diesel submarines, after German shipbuilder ThyssenKrupp Marine Systems(TKMS) was announced as the preferred choice.

Speaking at a naval base in Halifax, Nova Scotia, Monday, Canadian Prime Minister Mark Carney said it was “a difficult, close ...

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