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South Korea Pushes Submarine Offer as Canada Nears $45 Billion Naval Acquisition Decision

According to a February 1, 2026, report by South Korean outlet MAEIL Business Newspaper, Canada has intensified high-level engagement with South Korea as part of the Canadian Patrol Submarine Project (CPSP), a program described domestically as a 60 trillion won (USD 45 billion) acquisition. Stephen Poirier, identified as Canada’s Minister of National Defence Procurement, is expected to tour major shipyards this week to review submarine construction capacity and assess conditions for industrial cooperation, a move widely viewed by defense industry observers as late-stage due diligence before final proposals are locked in. Read full Naval News at this link …

Launch ceremony of ROKS Jang Yeong-sil, the first South Korean KSS-III Batch-II submarine, at Hanwha Ocean’s Geoje shipyard, representing the next-generation 3,600-ton-class design officially offered by South Korea to Canada under the Canadian Patrol Submarine Project. (Picture source: Wikimedia)

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