South Korea's Hanwha Ocean to open new office in Canada

Through the PSP project, Canada will acquire a larger, modernised submarine fleet to enable the Royal Canadian Navy to covertly detect and deter maritime threats, control maritime approaches, project power and striking capability further from Canada's shores, and project a persistent deterrent on all three of the country's coasts.

The Canadian Department of National Defence had earlier said that the procurement of up to 12 submarines is necessary to ensure the defence of the three coasts.