Story perspectives

Canada's $45 Billion Submarine Project Promises 200,000 Jobs

2/3/2026

Summary

Story summary

Stephen Fuhr, Secretary of State for Defense Procurement, visited Hanwha Ocean's Geoje shipyard on February 2, 2026, to discuss the Canadian Patrol Submarine Project (CPSP).
Accompanied by over 30 Canadian company representatives, Fuhr inspected facilities and the KSS-III submarine that Hanwha proposes for CPSP.
The project is valued up to $45 billion and aims to create more than 200,000 Canadian jobs while boosting long-term Royal Canadian Navy logistics.

1 of 1

Story summary

Stephen Fuhr, Secretary of State for Defense Procurement, visited Hanwha Ocean's Geoje shipyard on February 2, 2026, to discuss the Canadian Patrol Submarine Project (CPSP).
Accompanied by over 30 Canadian company representatives, Fuhr inspected facilities and the KSS-III submarine that Hanwha proposes for CPSP.
The project is valued up to $45 billion and aims to create more than 200,000 Canadian jobs while boosting long-term Royal Canadian Navy logistics.