Hanwha Ocean Strengthens Submarine Cooperation with Three Canadian Companies

Hanwha Ocean announced on the 31st that it has established partnerships with three local companies at CANSEC, Canada’s largest defense exhibition, where it was the only Korean company to participate.

The three companies Hanwha Ocean will collaborate with are CAE, Curtis Wright Indal Technology, and GASTOPS.

CAE, with whom Hanwha Ocean signed a memorandum of understanding (MOU) last year at the Canadian submarine specialist forum 'Deep Blue Forum 2023,' has upgraded their cooperation to a Teaming Agreement this year to strengthen collaboration beyond the previous MOU.

Hanwha Ocean signed separate MOUs promising cooperation with Curtis Wright Indal Technology in the field of towed sonar operation systems, and with GASTOPS in propulsion system control, modeling, and simulation.

At CANSEC, Canada's largest defense exhibition, Lee Yong-wook, Vice President and Head of Hanwha Ocean's Special Ship Division (right), and Sean Horning, CEO of GasTops, are posing for a commemorative photo after signing an MOU.
[Photo by Hanwha Ocean]

Hanwha Ocean plans to expand cooperation with these three companies through future technology exchanges, joint research and development, and market development. Through partnerships with local companies, Hanwha Ocean aims to secure orders for the submarine project promoted by the Canadian government. The Canadian government plans to introduce new submarines to replace the four Victoria-class submarines currently operated by the navy.

Lee Yong-wook, head of Hanwha Ocean’s Special Ship Business Division, said, “This agreement will be an important stepping stone to expand Hanwha Ocean’s technological capabilities and cooperation network with local companies in the Canadian submarine project. We will do our best to develop optimal solutions with them and contribute to the advancement of K-defense.”

This content was produced with the assistance of AI translation services.