Korean Air Supports Hanwha Ocean's Canadian Submarine Bid Against TKMS
DEFENSE
Korean Air is poised to support Hanwha Ocean's bid for a $43 billion contract to supply 12 patrol submarines to Canada, marking a significant milestone in Korea's defense exports. The collaboration, which includes a trilateral agreement with Babcock, aims to enhance local industrial capabilities and job creation in Canada. Details of the partnership are still in development, with plans for Korean Air to purchase additional aircraft from Bombardier.

Jan 20, 2026, 9:26 AM