A model of a Hanwha KSS-III submarine is seen at the Canadian Association of Defence and Security Industries annual defence industry trade show, CANSEC, in Ottawa on May 28, 2025. The Canadian Press/Justin Tang
One of two finalists in the competition to build the Royal Canadian Navy’s next fleet of submarines is pitching multiple industrial partnerships and economic benefits in the hopes of sealing the deal.
Hanwha Oceans is floating various industrial-technological benefit collaborations that could involve investments in Canadian lithium-ion battery production, liquefied natural gas, aerospace, steel, critical minerals mining and sustainable energy.
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