Exclusive: Inside Hanwha's pitch to win Canada's lucrative submarine contract [BNN Bloomberg (Canada)]
Lockheed Martin Corporation (LMT)
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Source: BNN Bloomberg
In a four-minute news story, Fuhr was shown touring Hanwha's shipyard in Geoje, along with more than 20 Canadian CEOs along for a trade mission. Over two days, the delegation visited multiple industrial sites and the Republic of Korea's (ROK) submarine command base. The event was widely covered by South Korean media, and is an indicator of the importance the Republic has placed on winning the massive contract to build Canada's next generation of submarines. CTV News was the only Canadian media present for Fuhr's South Korean visit. The two finalists, Hanwha and Germany's ThyssenKrupp Marine Systems (TKMS) are facing a deadline of March 2, to submit their proposals. The Royal Canadian Navy (RCN) wants to purchase 12 new conventional diesel submarines to replace its aging fleet, which will become obsolete by 2035. Of the four Victoria-class submarines the RCN currently owns, only one is operational. If the federal government decides to purchase a full dozen, the Canadian Patr
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LMT
Earnings
- 1/29/26 - Miss
LMT
Sec Filings
- 1/29/26 - Form 10-K
- 1/29/26 - Form 8-K
- 1/5/26 - Form 4
- LMT's page on the SEC website