Zincwarrior
Diamond Member
South Korea just pitched a $20Bn plan to sell Canada submarines, tanks, artillery and potentially jet aircraft. They are a major supplier of munitions and armaments to Ukraine and are a major partner with Poland in its efforts to become THE military big boy vs. Russia. Its becoming the Krupp Steel of 21st Century military producers.
A trio of South Korean companies have made a significant, multibillion-dollar pitch to Canada, promising to quickly replace the navy's aging submarines, deliver more firepower to the army and help revitalize the country's defence industrial base.
A detailed overview of the unsolicited proposals, which were delivered to the federal government in early March, was given to CBC News.
The companies have the full backing of the South Korean government, which is eager to expand the defence and security partnership it signed with former prime minister Justin Trudeau two years ago in Seoul.
CBC News was given unprecedented, exclusive access to senior Korean defence and security officials as well as two defence plants and shipyards, which have set aside their competitive differences in order to bid on Canada's submarine replacement program.
Hanwha Ocean and Hyundai Heavy Industries submitted a detailed, joint presentation worth $20 billion to $24 billion, promising to deliver the first four submarines by 2035, the current Royal Canadian Navy deadline to receive just one new boat. It has also pitched building maintenance facilities in this country which would employ Canadians.
The Liberal government of Prime Minister Mark Carney ordered a review of the plan and hinted that Canada may take delivery of the aircraft it has already paid for and look elsewhere to fill the rest of the order. In total, Canada has said it requires 88 advanced fighters.
A trio of South Korean companies have made a significant, multibillion-dollar pitch to Canada, promising to quickly replace the navy's aging submarines, deliver more firepower to the army and help revitalize the country's defence industrial base.
A detailed overview of the unsolicited proposals, which were delivered to the federal government in early March, was given to CBC News.
The companies have the full backing of the South Korean government, which is eager to expand the defence and security partnership it signed with former prime minister Justin Trudeau two years ago in Seoul.
CBC News was given unprecedented, exclusive access to senior Korean defence and security officials as well as two defence plants and shipyards, which have set aside their competitive differences in order to bid on Canada's submarine replacement program.
Hanwha Ocean and Hyundai Heavy Industries submitted a detailed, joint presentation worth $20 billion to $24 billion, promising to deliver the first four submarines by 2035, the current Royal Canadian Navy deadline to receive just one new boat. It has also pitched building maintenance facilities in this country which would employ Canadians.
Canada looking at procurement options
The bids were presented at a time when many Canadians — facing the Trump administration's trade war and threats of annexation — have demanded the federal government cancel major military purchases from the United States, including the F-35 fighter program.The Liberal government of Prime Minister Mark Carney ordered a review of the plan and hinted that Canada may take delivery of the aircraft it has already paid for and look elsewhere to fill the rest of the order. In total, Canada has said it requires 88 advanced fighters.
