Hanwha Ocean Shares Sink After Losing Canada Sub Deal to Germany - Bloomberg.com

Hanwha Ocean Shares Sink After Losing Canada Sub Deal to Germany  Bloomberg.com

Canada Bets on NATO Partners for Its Expanded Submarine Fleet

In selecting a joint bid from Germany and Norway, Prime Minister Mark Carney is elevating Canada’s naval power and reducing its military and economic dependency on the United States.

By Ian Austen

Canada chooses Germany’s TKMS for landmark submarine contract

Joint German-Norwegian team wins multibillion-dollar deal as Ottawa pivots away from US

Canada to buy 12 hi-tech German submarines after bidding war

TKMS beats South Korean rival to multibillion-dollar contract that will deepen Canada’s Nato ties Canada has selected a German consortium to build a dozen cutting-edge submarines in one of the country’s largest-ever defence contracts that will further deepen its Nato ties before a crucial summit this week. On Monday the prime minister, Mark Carney, announced the winner of a tightly contested battle for the lucrative government contract to replace their fleet of ageing, secondhand subs, most o...

By Leyland Cecco in Toronto

Canada picks Germany’s TKMS for new submarines

The German-owned naval shipbuilder made the bid with NATO ally Norway, beating out South Korea's Hanwha Ocean.

Hanwha Ocean shares sink 23% as it loses bid to build Canada's next fleet of submarines

Shares of Hanwha Ocean fell over 20% after the company lost the bidding war to Germany's ThyssenKrupp Marine Systems to build Canada's next fleet of submarines.

5 key takeaways from Canada choosing Germany's submarine bid

Canada is negotiating to buy up to a dozen submarines from German shipbuilder ThyssenKrupp Marine Systems in a deal that is set to add tens of billions of dollars and tens of thousands of jobs to the economy.

Canada awards Germany major submarine contract

Canadian Prime Minister Mark Carney said the purchase of up to 12 German-built submarines will be the "largest in Canadian history." The deal comes ahead of the NATO summit Ankara.

Canada picks Germany’s TKMS to build ‘up to’ 12 submarines in largest Canadian defence purchase ever

Should the contract with ThyssenKrupp Marine Systems proceed, the first four submarines are expected to be delivered to Canada by 2034

By Catherine Lévesque

Hanwha's Canada submarine setback exposes NATO hurdle for Korean defense industry

South Korea’s failed bid to win Canada’s next-generation submarine project has highlighted both the competitiveness of its defense industry and the limits it faces in major NATO markets. On Monday, Canada named Germany’s Thyssenkrupp Marine Systems as the preferred bidder for the Canadian Patrol Submarine Project. The program calls for up to 12 conventionally powered submarines for the Royal Canadian Navy. Hanwha Ocean, which competed with its KSS-III-based proposal, was named the reserve bidder

By The Korea Herald

Canada’s Carney cites NATO and melting Arctic as Germany wins submarine contract

Prime Minister Mark Carney has pursued closer integration with European defense initiatives as the U.S. under President Donald Trump takes a more skeptical approach toward NATO.

White House Says Same Company Will Do New Renovations On Reflecting Pool

Guess the Trump Administration does believe in second chances ... because they are going to be using the same company to perform more repairs on the Lincoln Memorial Reflecting Pool. Check out the clip ... Secretary of the Interior Doug Burgum --…

By TMZ Staff