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

 

[oldcpu]

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/

Interesting. I concede I did not (until now) recall that it is not uncommon for a South Korean leader to attend a NATO meeting.

 

[oldcpu]

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.
....

It does look to me that speculators, likely from opposites sides of the world, are diving into both Hanwha Ocean and TKMS in the hopes that either company gets selected as the preferred supplier for the Canadian Patrol Submarine project.

I don't want to spam every one with more charts. I note, as I type, this Hanwha Ocean, having risen 15%, and then having fallen back, is now back to about 8.5 % up on the day. Still less thou, less than its original 15% jump.

Elsewhere in the world, TKMS is currently up 3% on the day, but I note on the overall week (looking at last week), TKMS is up about 13.3%.

 

[Good2Golf]

Looks like TKMS gets the award. Pre-announcement ‘announcement.’

Ottawa picks Germany’s TKMS to build Canada’s new submarines, sources say

Carney will announce the outcome of the competition for the lucrative defence contract in Halifax today

www.theglobeandmail.com

 

[GK .Dundas]

Looks like TKMS gets the award. Pre-announcement ‘announcement.’

Ottawa picks Germany’s TKMS to build Canada’s new submarines, sources say

Carney will announce the outcome of the competition for the lucrative defence contract in Halifax today

www.theglobeandmail.com

F***K! that is all

 

[PHughes]

F***K! that is all

The better boat wins.

Excellent news for the RCN crews