[Concall] Hanwha Ocean "Poland Submarine Expected in 2025... Local Promotion Underway"

On the 24th, Hanwha Ocean stated in its Q1 earnings conference call that regarding its defense business, "The overseas submarine projects currently involved include Poland, Saudi Arabia, Canada, and the Philippines, while for overseas surface ships, there are Thailand and Australia."

Hanwha Ocean added, "Many are interested in the Canadian submarine project; in Canada's case, we expect the contract to be signed in 2026," and explained, "Since the Request for Information (RFI) and Request for Proposal (RFP) are still in the preparation stage, we will be able to confirm specific schedules and scopes once related details are disclosed."

They continued, "Poland is expected to sign the contract earlier than Canada, in 2025," noting, "The RFI was issued at the end of last year, and we have submitted our response." They also said, "We are actively promoting locally in Poland," and added, "As the RFP is in the preparation stage, specific project schedules and scope will be updated once related information is available."