Replacing the Subs

[HavokFour]

I can't help shake the feeling that the upcoming press announcements on 6-July (in Halifax by Canadian PM and in Esquimalt by Canadian Secretary of State (Defence Procurement), before a NATO meeting, means a NATO supplier of the submarine is to be selected (ie TKMS with Type-212CD)

However, I note early morning speculation in South Korea, saw a 15% jump in Hanwha Ocean stock, before it dropped to +5% increase. It does appear some in South Korea are betting on a Hanwha Ocean contract award.

View attachment 101108

These are interesting times.

What ever the choice, I believe it good for Canada (and the RCN in particular). .... And now (in addition to infrastructure) there will need be a big focus in coming years finding the personnel to man the submarines (and to retain them).

President of South Korea is going to be at the NATO summit in person. I think that may lean more into Hanwha being chosen.

https://www.reuters.com/world/asia-pacific/south-koreas-president-attend-nato-summit-ankara-visit-mongolia-2026-07-03/

 

[MilEME09]

I can't help shake the feeling that the upcoming press announcements on 6-July (in Halifax by Canadian PM and in Esquimalt by Canadian Secretary of State (Defence Procurement), before a NATO meeting, means a NATO supplier of the submarine is to be selected (ie TKMS with Type-212CD)

However, I note early morning speculation in South Korea, saw a 15% jump in Hanwha Ocean stock, before it dropped to +5% increase. It does appear some in South Korea are betting on a Hanwha Ocean contract award.

View attachment 101108

These are interesting times.

What ever the choice, I believe it good for Canada (and the RCN in particular). .... And now (in addition to infrastructure) there will need be a big focus in coming years finding the personnel to man the submarines (and to retain them).

Having top of the line modern subs will help just in public image alone to recruit, but like all branches. Much will need to be done to get people ready for first delivery