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NEWS RELEASE

Hanwha Ocean of Korea signs a Teaming Agreement and MOUs with Canadian partners

CAE, Gastops and Curtiss-Wright Indal Technologies join Team Hanwha for Canadian Patrol Submarine Project

 

May 30, 2024

Ottawa, Ontario, Canada

 

Today, Hanwha Ocean of Korea, signed a Teaming Agreement with CAE and Memorandums of Understanding (MOUs) with Gastops and Curtiss-Wright Indal Technologies for long-term cooperation on the Canadian Patrol Submarine Project:

• The Teaming Agreement with CAE (Montreal, Quebec) is related to integrated training solutions and critical operations support solutions.
• The MOU with Gastops (Ottawa, Ontario) is related to propulsion systems machinery control, modelling and simulation.
• The MOU with Curtis-Wright Indal Technologies (Mississauga, Ontario) is related to Towed Array Handling and Winch System.

 

Hanwha Ocean has delivered the KSS-III submarine, the most capable ocean-going, diesel-electric submarine to the Republic of Korea Navy starting in 2021. KSS-III is an in-service platform that meets all the Royal Canadian Navy’s operational requirements and the urgent delivery timeline for the Canadian Patrol Submarine Project.

 

In November 2023, Hanwha Ocean signed MOUs with three other Canadian partners for long-term cooperation on the Canadian Patrol Submarine Project:

• A MOU with Modest Tree (Halifax, Nova Scotia) related to immersive training and digital in-service support solutions.
• A MOU with Des Nedhe Group (Saskatoon, Saskatchewan) related to economic sustainability.
• A MOU with J Squared Technologies (Ottawa, Ontario) related to critical capabilities for sea platforms.

Quotes

 

“We see significant opportunities for synergies between Hanwha Ocean and these Canadian partners – CAE, Gastops and Indal Technologies. With the signing of the teaming agreement and MOUs, Hanwha can begin developing strategic relationships with these partners, which will also enhance and strengthen the relationship between Korea and Canada.”

• Yong Ook Lee, COO, Head of Naval Ship Business, Hanwha Ocean

 

“The Teaming Agreement is an exciting next step in our growing relationship with Hanwha Ocean. The KSS-III is a highly capable submarine platform, and the Canadian Patrol Submarine Project offers an incredible opportunity for the Royal Canadian Navy to leverage CAE’s advanced training technologies, while also providing Hanwha Ocean with new options to enrich its submarine offering with world-class training and simulation capabilities in the Canadian and global markets.”

• France Hébert, VP and General Manager, Defence & Security Canada, CAE

 

“We are honoured to enter into this agreement with Hanwha Ocean. This MOU marks a significant step forward in our efforts to enhance marine capabilities and deliver cutting-edge solutions that enhance vessel performance and reduce risk in the ship build process. By combining our expertise and resources, we are poised to achieve remarkable advancements in the Canadian Patrol Submarine Project and other key maritime initiatives globally."

• Shaun Horning, President, and CEO of Gastops

 

“We look forward to working with Hanwha Ocean on the Canadian Patrol Submarine Project. Partnering with a company like Hanwha on a proven platform like the KSS-III is a great opportunity for our businesses to expand into a new market.”

     - David Micha, Sr. Vice President and General Manager, Curtiss-Wright EMS division

 

About Hanwha Ocean (www.hanwhaocean.com)

 

Hanwha Ocean, founded in 1973 in Okpo Bay, Korea, is one of the world’s premium shipbuilders and offshore contractors. Hanwha Ocean specializes in the design and construction of various naval and commercial vessels, including submarines, destroyers, container ships, and tankers as well as offshore platforms, drilling rigs and FPSO/FPUs.

 

For more than 40 years, Hanwha Ocean has been building and servicing submarines for the Republic of Korea Navy and other navies. The company designed and delivered the first KSS-III (also known as Jangbogo-3) to the Republic of Korea Navy in 2021. Jangbogo-3 is the most capable, in-operation, ocean-going, diesel-electric submarine in the world.

 

Hanwha, with more than 100,000 employees globally and 91 subsidiaries, is Korea’s 7th largest company and the largest defence company in South Korea.

 

About CAE (www.cae.com)

 

At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying software-based simulation training and critical operations support solutions. Above all else, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defence and security forces to perform at their best every day and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with approximately 13,000 employees in more than 240 sites and training locations in over 40 countries. CAE represents more than 75 years of industry firsts—the highest-fidelity flight and mission simulators as well as training programs powered by digital technologies. We embed sustainability in everything we do. Today and tomorrow, we’ll make sure our customers are ready for the moments that matter.

 

About Gastops (www.gastops.com)

 

Gastops is the world’s leading provider of intelligent condition monitoring solutions used in Aerospace, Defence, Energy, and Industrial applications to optimize the availability, performance, and safety of critical assets. We offer peace of mind to our customers with innovative online monitoring sensors, at-line analysis, complex modeling and simulation, world class laboratory testing, engineering, design, and MRO services that predict performance to enable proactive operating decisions. Gastops has been providing powerful insights into the condition of critical equipment since 1979.

 

About Curtiss-Wright Indal Technologies (www.cw-ems.com/indal)

 

INDAL combines a high level of engineering and manufacturing capability with expertise in the management of large and complex defense programs to produce unmatched solutions to the world’s navies. Since incorporation in 1951 under the name Dominion Aluminum Fabricating Ltd., the company has developed its engineering design and manufacturing capabilities and today is heavily involved in systems integration and testing. This blend of engineering design and manufacturing has enabled the company to become a world leader in the design and development of shipborne helicopter & undersea warfare handling systems and ship aviation support systems for international navies. In March 2005, ITI was acquired by the Curtiss-Wright Corporation. The company now operates as a business unit within Curtiss-Wright Electro-Mechanical Systems (EMS) Division. Products designed, produced and supported meet the many industry and customer standards in equipment specifications, manufacturing practices, quality assurance procedures, program management and control systems.

 

Media Contact

 

Keelan Green, [email protected], 613-220-2016

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