Tag: tkms

tkms

Latest News

A KSS-III submarine is moored beside naval vessels at Canadian Forces Base Esquimalt during a joint exercise arrival.

Hanwha offered the world in its failed Canada submarine bid. Will that hurt Korea in future arms deals?

Despite a lavish offer, Korea’s failed bid exposed how NATO politics, product fit and negotiating strategy can outweigh technology in major defense deals.

2026.7.8

Officials stand on a dockside stage as Canada announces TKMS will build 12 submarines.

Hanwha Ocean shares sink over 20% after Canada loss

Stocks fell more than 23 percent after Canada chose Germany’s TKMS as preferred bidder for its submarine program, leaving Hanwha Ocean as runner-up.

2026.7.7

Most popular

Lee vows continued support for K-defense industry after loss in Canadian submarine bid

After Hanwha Ocean lost Canada’s submarine deal to Germany’s TKMS, President Lee Jae Myung said the bid still proved Korea’s naval technology and pledged continued support for defense exports.

2026.7.7

A man speaks at a podium outdoors with military personnel standing in formation behind him.

Korea loses Canadian submarine bid to Germany's TKMS

Canada picked Germany's TKMS over Hanwha Ocean for final talks on a submarine program worth up to 60 billion Canadian dollars, underscoring NATO ties over Korea's faster offer.

2026.7.6

Canada picks Germany's TKMS for submarine mega project: Report

Canada chose Germany’s TKMS for a 12-submarine contract, according to a Canadian media report, dealing a setback to Korea's Hanwha Ocean despite Seoul’s push on speed and technology.

2026.7.6

Webpage showing a university program center with contact details and campus listings.

Canada likely to name submarine winner ahead of NATO summit

Ottawa is expected to choose between Hanwha Ocean and Germany’s TKMS on Monday in a multibillion-dollar contest for up to 12 submarines.

2026.7.6

Royal Canadian Navy officer saluting a Korean submarine and frigate at a harbor ceremony.

Canada signals single winner in submarine bid

Canada’s defense minister said the multibillion-dollar submarine program is likely to go to a single supplier, narrowing the race between Korea’s Hanwha Ocean and Germany’s TKMS.

2026.6.30

Silhouetted submarine underwater with light filtering through the surface.

Korean speed vs. NATO ties: Hanwha marketing blitz narrows Canadian submarine race with Germany's TKMS

Hanwha highlights faster delivery and missile-capable submarines, while TKMS stresses NATO interoperability and Canadian industrial ties as Ottawa nears a decision in the high-stakes bid.

2026.6.23

Hanwha Ocean's KSS-III Batch II submarine [HANWHA OCEAN]

Britain, Norway enter Korea-Germany bidding for $40B Canadian submarine project

The high-stakes competition between Korea and Germany for a 60 trillion won submarine contract with the Canadian Navy has become more complicated, with the potential to turn into a split deal rather than the typical winner-takes-all bid.

2026.3.10

Tag: tkms

tkms

Latest News

Hanwha offered the world in its failed Canada submarine bid. Will that hurt Korea in future arms deals?

Hanwha Ocean shares sink over 20% after Canada loss

Most popular

Yoon Suk Yeol gets five years on abuse of power, obstruction charges — as it happened

Xdinary Heroes' Gunil leaves band following fan insult allegations

One idol tried to unionize K-pop. Almost no one followed.

'Pro-Japanese ancestor scanner' goes viral following actor Ha Young's family controversy

Unverified Jennie clip fuels deepfake fears, legal questions in Korea

Lee vows continued support for K-defense industry after loss in Canadian submarine bid

Korea loses Canadian submarine bid to Germany's TKMS

Canada picks Germany's TKMS for submarine mega project: Report

Canada likely to name submarine winner ahead of NATO summit

Canada signals single winner in submarine bid

Korean speed vs. NATO ties: Hanwha marketing blitz narrows Canadian submarine race with Germany's TKMS

Britain, Norway enter Korea-Germany bidding for $40B Canadian submarine project