Hanwha Ocean is accelerating its bid for the Canada Patrol Submarine Project (CPSP) by strengthening partnerships with local corporations in Canada. CPSP is a project to build up to 12 new diesel submarines, and the contract is valued at 60 trillion won when including maintenance, repair, and operations expense over 30 years after introduction.
On the 29th, the shipbuilding industry said Hanwha Ocean recently signed partnerships related to CPSP with Canadian local companies OSI Maritime Systems, EMCS Industries, Techsol Marine, Jastram Technologies, and Curtiss-Wright. Because the Canadian industrial and economic contribution accounts for as much as 15% of CPSP's evaluation items, the move aims to target that.
Maintenance, overhaul, and logistics support (50%) and platform performance (20%) are the main factors, but those segments are largely similar to competitors. Therefore, the company aims to gain an advantage in the bidding by strengthening cooperation with local companies that have expertise in areas such as navigation, detection, power, and maintenance—fields considered crucial to a submarine's operational capability.
Through this partnership, OSI Maritime Systems will provide electronic navigation solutions for Hanwha Ocean submarines. EMCS Industries will provide hull corrosion protection and marine biofouling prevention technologies, and Techsol Marine will handle advanced power system integration and automation technologies. Curtiss-Wright will supply the towed sonar operation system.
Rival ThyssenKrupp Marine Systems (TKMS) of Germany is also responding by strengthening local cooperation. On the 4th, TKMS said it partnered with Canadian defense company CAE and will cooperate in areas such as training operations and infrastructure, simulation systems, and facility management. The German government has also stepped in, introducing a $1 billion Canadian combat management system (CMS) for its navy and pursuing a bid strategy based on offset trade.