South Korean shipyard sweetens pitch to Canada to build Navy's next fleet of submarines [Globe and Mail, The (Toronto, Canada)]
THYSSENKRUPP AG S/ADR (TKAMY)
NASDAQ:AMEX Investor Relations:
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Source: Globe and Mail, The
Justin Tang/The Canadian Press One of two finalists in the competition to build the Royal Canadian Navy's next fleet of submarines is pitching multiple industrial partnerships and economic benefits in the hopes of sealing the deal. Hanwha Oceans is floating various industrial-technological benefit collaborations that could involve investments in Canadian lithium-ion battery production, liquefied natural gas, aerospace, steel, critical minerals mining and sustainable energy. Although the firm is keeping its cards to its chest on the specifics – part of an unsolicited proposal it made to the Canadian government in July – the company promises more details in the coming weeks and insists the investments would be significant. “We've talked about everything from energy co-operation to battery co-operation to … other areas where Hanwha is particularly strong, like infantry-fighting vehicles and howitzers,” said Hanwha Global Defense CEO Michael Coulter in an interview with The Canadi
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News
- ThyssenKrupp (OTCMKTS:TKAMY) had its "buy" rating reaffirmed by analysts at Citigroup Inc..MarketBeat
- Germany's Thyssenkrupp steel finalizes tough restructuring plan [Yahoo! Finance]Yahoo! Finance
- Norwegian defence company pitches Ottawa as Arctic partner in sub procurement [Yahoo! Finance Canada]Yahoo! Finance Canada
- ThyssenKrupp (OTCMKTS:TKAMY) was upgraded by analysts at Zacks Research to a "hold" rating.MarketBeat
- Where is the money to replace Canada's aging submarines? It wasn't in the 2025 federal budget [BNN Bloomberg (Canada)]BNN Bloomberg