Hanwha Ocean & ThyssenKrupp — TKMS

Hanwha Ocean: Hanwha Ocean, as part of a consortium with HD Hyundai Heavy Industries, is a key bidder for Canada's submarine project. Winning this contract would significantly benefit its business and market position.

ThyssenKrupp — TKMS: Thyssenkrupp Marine Systems is the main competitor against the South Korean consortium for the Canadian submarine project. The outcome of this bid will directly impact its potential for a large defense contract.

Hanwha Ocean: Hanwha Ocean loses a major defense contract to TKMS, missing out on a multi-billion-dollar deal and facing a setback in international markets.

ThyssenKrupp — TKMS: TKMS wins a landmark contract to build up to 12 submarines for Canada, boosting its order book and reinforcing its position as a leading non-nuclear submarine builder.