Canada & Hanwha Group
5 shared events · Importance 4 · Last updated Jul 20, 2026
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International
Canada: Canada secures its largest defense procurement, modernizing its submarine fleet and strengthening NATO commitments, with long-term economic benefits.
Hanwha Group: Lost the bid despite extensive marketing and partnerships; may seek other opportunities but faces a setback in Canadian market.
Jul 06, 2026 · 54 articles
International
Canada: Canada increases defense spending with missile and submarine contracts, strengthening its NATO commitments and military modernization.
Hanwha Group: Lost submarine bid to TKMS, but Canada seeks to deepen cooperation on AI and technology.
Jul 08, 2026 · 6 articles
Business
Canada: Canada invests $1.1 billion in submarine maintenance while pursuing a new submarine fleet, balancing current capability with future modernization.
Hanwha Group: Hanwha Group, a rival bidder for the Canadian submarine contract, has ties to Babcock International Group — Babcock Canada but lost the preferred bidder status to TKMS.
Jul 20, 2026 · 6 articles
International
Canada: Canada announced new defense spending and submarine deals, and launched free trade talks with Turkey. It met NATO's 2% GDP target and pledged to reach 3.5% by 2029.
Hanwha Group: Hanwha Ocean lost the Canadian submarine contract to TKMS but remained a reserve bidder.
Apr 20, 2026 · 317 articles
Business
Hanwha Group: Hanwha Group's energy technology capabilities are being connected with Canada's local industrial ecosystem through this strategic collaboration.
May 21, 2026 · 6 articles
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