South Korea vies with Germany for $39B Canadian submarine contract

South Korea is making a final push to secure a lucrative US$39 billion submarine contract with Canada, competing against Germany for the project. The Canadian Patrol Submarine Project aims to replace the Royal Canadian Navy's four aging Victoria-class submarines with 12 new diesel-electric vessels. Hanwha Ocean is offering its KSS-III class submarine, the Dosan Ahn Chang-ho, which is already in active service with the South Korean Navy, highlighting its proven track record over Germany's proposed design. AI

RANK_REASON Major international defense contract bid with significant financial value. [lever_c_demoted from significant: ic=1 ai=0.0]

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• Canada
• Germany
• Hanwha Ocean
• Hanyang University
• Moon Keun-sik
• Royal Canadian Navy
• South Korea
• TKMS
• Victoria-class submarines

• product
• policy

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