A model Hanwha Ocean submarine is displayed during the 2023 Seoul International Aerospace and Defense Exhibition (ADEX) in Seongnam, South Korea, October 18, 2023. REUTERS
SEOUL, Feb 4 (Reuters) – South Korean shipbuilder Hanwha Ocean said on Wednesday that it proposed the delivery of four submarines to Canada by 2035.
Hanwha is one of two finalists – alongside warship builder TKMS – in a tender to supply Canada with a new fleet of submarines, estimated by industry sources to be worth more than $12 billion.
Hanwha said in an earnings call on Wednesday that fast delivery is one of the factors Canada considered important.
Reporting by Joyce Lee and Heejin Kim Editing by Ed Davies
