Korean Consortium Makes Push to Win $43 Billion Contract to Build Canadian Submarines

In more submarine news, a ROK firm is going all in to win a contract to build 12 subs for the Canadians:

Hyundai Motor Group Executive Chair Chung Euisun joined a Korean government delegation to assist Korean shipbuilders’ bid to supply patrol submarines for the Royal Canadian Navy.

According to industry and government officials, Chung flew to Canada on Monday to join the delegation comprised of government officials including presidential chief of staff Kang Hoon-sik and Industry Minister Kim Jung-kwan. Hanwha Group Vice Chairman Kim Dong-kwan and Joo Won-ho, head of HD Hyundai Heavy Industries’ (HD HHI) Naval & Special Ship Business Unit, will also join the delegation.

Hanwha Group’s shipbuilding arm, Hanwha Ocean, has formed a consortium with HD HHI to bid on Canada’s Patrol Submarine Project (CPSP), a 60 billion Canadian dollar ($43 billion) program to procure 12 diesel submarines for the Royal Canadian Navy.

Korea Times

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