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Home World Canada

Hanwha presents submarine as Ottawa considers multibillion-dollar contract

23 May 2026
in Canada
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The South Korean submarine ROKS Dosan Ahn Chang-ho arrived off the coast of British Columbia on Saturday, showcasing Hanwha Ocean’s bid for Canada’s multibillion-dollar submarine contract. The submarine, which made a historic 14,000-kilometer trans-Pacific journey, is visiting Victoria and will engage in joint anti-submarine exercises with the Royal Canadian Navy. Canadian Prime Minister Mark Carney’s government is expected to make a decision soon regarding the bids from Hanwha Ocean and German competitor TKMS (ThyssenKrupp Marine Systems). The Royal Canadian Navy aims to acquire 12 submarines over the next 15 years, intending to utilize them in various oceanic regions, including the Arctic. Rear Admiral David Patchell expressed urgency for new submarines, stating that Canada needs them immediately to enhance its naval capabilities.

Why It Matters

This submarine acquisition process is significant as it represents Canada’s efforts to modernize and expand its naval fleet, which has struggled with aging equipment. The competition between Hanwha Ocean and TKMS illustrates the strategic importance of defense procurement in national security and economic development, with both companies promising substantial investments and job creation in Canada. Historically, Canada has operated submarines for over a century but has not had a robust submarine presence. The outcome of this contract could influence Canada’s military readiness and its ability to operate effectively in diverse maritime environments, including the increasingly vital Arctic region.

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Tags: considersContractHanwhamultibilliondollarOttawapresentsSubmarine
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