Hanwha Ocean Surges 10% as Canada Set to Announce Winner of $60B Submarine Contract on June 6

According to Globe and Mail, Hanwha Ocean surged over 10% on June 6 as Canada prepared to announce the winner of its contract to supply 12 submarines, with the South Korean shipbuilder considered a leading contender. The announcement was expected to reveal whether Canada would select the company or a German competitor for the approximately $60 billion project.
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