Canada expects to select a preferred bidder within 30 days for a submarine program that could be the country's largest procurement ever. Secretary of State for Defence Procurement Stephen Fuhr stated the decision will move one of two qualified suppliers, Germany's TKMS or South Korea's Hanwha Ocean, into detailed negotiations.
Hanwha Ocean Co. is the expected winner for South Korea's 7.8 trillion won (US$5.1 billion) next-generation Navy destroyer project, likely beating rival HD Hyundai Heavy Industries. The project aims to build six 6,000-ton Aegis destroyers.
South Korea's KDDX next-generation destroyer project's detailed design and lead ship construction contract has reportedly been awarded to Hanwha Ocean, narrowly beating HD Hyundai Heavy Industries. A security penalty against HD Hyundai Heavy Industries for military secrets leakage was a key factor.
Hanwha Ocean has reportedly secured the contract for the detailed design and lead ship construction of South Korea's next-generation destroyer (KDDX), narrowly outperforming HD Hyundai Heavy Industries. A security penalty against HD Hyundai Heavy Industries was a key factor in the decision.
NC AI will supply autonomous welding AI technology to Hanwha Ocean's shipbuilding sites, utilizing its 'VAETKI Vision' VLM to overcome harsh welding environment challenges.
SEOUL, May 4 (Yonhap) -- Hanwha Ocean Co. said Monday it has secured a 507 billi...
SEOUL, April 27 (Yonhap) -- Hanwha Ocean Co. said Monday its first-quarter net i...
