Rheinmetall is advancing its naval shipbuilding expansion with a non-binding offer for German Naval Yards, setting up competition with TKMS as European defense spending rises.
Hanwha Ocean is strengthening partnerships with Canadian companies to improve its position in the CPSP bid, where local industrial contribution is a key evaluation item.
Hanwha Group says cooperation with Canadian partners and investment in shipbuilding, steel, AI and aerospace could generate around 200,000 jobs by 2040 as it competes with TKMS for a $12 billion submarine deal.
