AtkinsRéalis signs memorandum of understanding with Hanwha Ocean [Yahoo! Finance Canada]
THYSSENKRUPP AG S/ADR (TKAMY)
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Source: Yahoo! Finance Canada
The companies say the agreement is a first step and creates a framework for long-term collaboration to explore opportunities supporting Canada's submarine capability. Steve SK Jeong, a senior executive vice-president at Hanwha Ocean, says AtkinsRéalis brings strong experience in complex systems and life cycle support, together with a strong understanding of the Canadian environment. Jeong says the agreement establishes a basis to explore how the companies can work together in submarine capability, industrial capability development in Canada, and long-term support. The South Korean company and ThyssenKrupp Marine Systems, or TKMS, are the finalists in a competition to build a fleet of up to 12 conventionally powered submarines for the Canadian navy. Hanwha and South Korean officials have framed the submarine contract as a starting point for a deeper industrial relationship between Canada and Korea. This report by The Canadian Press was first published April 14, 2026. Compa
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- Submarine companies reach deadline to submit proposals as Canada decides on new fleet [BNN Bloomberg (Canada)]BNN Bloomberg
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- ThyssenKrupp (TKAMY) was downgraded by Zacks Research from "strong-buy" to "hold".MarketBeat