Hanwha Ocean and British defense firm Babcock have proposed a trilateral cooperative agreement between Korea, the United Kingdom and Canada to supply patrol submarines for the Royal Canadian Navy. Following last week’s meeting on the sidelines of annual bilateral talks between senior defense officials from Korea and the U.K. in London, the two companies made the proposal as part of efforts to support the Korean shipbuilder’s ongoing bid in competition with Germany’s TKMS to secure Canada’s order for 12 patrol submarines worth 60 billion Canadian dollars ($43 billion). The deal would mark the largest single contract in Korea’s defense export history if successful. “The Canadian Patrol Submarine Project (CPSP) is not just about delivering a submarine platform. It is about building long-term industrial capability and skilled jobs in Canada,” said Eoh Sung-chul, president of Hanwha Ocean’s naval ship business. “Through our partnership with Babcock, and with Babcock Canada at the center of localization, we are committed to supporting sovereign sustainment and lasting workforce deve
Hanwha, Babcock pitch Korea-UK-Canada partnership for $43 bil. submarine deal
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