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Hanwha Ocean (1)

Korean Equities/Company Deep Dives
Why Hanwha Ocean Lost Canada's $44 Billion Submarine Deal
Canada picked Germany's TKMS over South Korea's Hanwha Ocean on July 6, 2026 for its Canadian Patrol Submarine Project, a contract worth up to C$60 billion (about $44 billion), sending Hanwha Ocean shares sharply lower on the news. The stated reasoning wasn't primarily about price or delivery schedule — Prime Minister Mark Carney cited NATO interoperability and Arctic-optimized technology, point..

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