Britain, Norway enter Korea-Germany bidding for $40B Canadian submarine project
Britain, Norway enter Korea-Germany bidding for $40B Canadian submarine project
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Britain, Norway enter Korea-Germany bidding for $40B Canadian submarine project
The high-stakes competition between Korea and Germany for a 60 trillion won ($40 billion) submarine contract with the Canadian Navy has become more complicated.
The bid to build 12 submarines is also turning more multinational as Britain is backing Hanwha Ocean through a strategic partnership with Babcock International — the British defense giant currently responsible for maintaining Canada’s submarine fleet. Germany’s bid, meanwhile, is being aided by Norway, which has already purchased German Type 212CD submarines.
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