AtkinsRéalis and Hanwha Ocean have signed a strategic Memorandum of Understanding (MoU) to collaborate on opportunities to strengthen Canada's submarine capabilities and reinforce a resilient Canadian defence industrial base. Aligned with Canada's new Defence Industrial Strategy, the agreement marks an initial step in an ambitious partnership between AtkinsRéalis and Hanwha Ocean and creates a framework for long-term collaboration to explore opportunities supporting Canada's submarine capability, including the sustainment and development of domestic industrial capacity. It combines AtkinsRéalis' deep expertise in submarine infrastructure across the entire lifecycle - including its extensive experience supporting the UK's submarine enterprise - with Hanwha Ocean's proven submarine design and manufacturing capability.
The MoU identifies three areas of intended collaboration: Submarine infrastructure design and delivery across the full platform lifecycle, working alongside government, industry and the Royal Canadian Navy; Supporting the establishment of manufacturing capability in Canada, helping to create the industrial base required for domestic submarine production and related initiatives; Leveraging the strengths, technologies, and industrial capabilities of AtkinsRéalis and Hanwha Ocean in the Nuclear, Power, and wider Defence sectors to generate new strategic collaborative opportunities for Korean and Canadian industry in these high-technology markets. Such collaboration would support Hanwha Ocean's Industrial and Technological Benefits (ITB) obligations.
Hanwha Ocean Co Ltd, formerly Daewoo Shipbuilding & Marine Engineering Co Ltd, is a Korea-based company principally engaged in the shipbuilding and marine industries. The Company operates its business through three segments. The Commercial Ship Business segment is involved in the building of ships including liquefied natural gas carriers (LNGCs), liquefied petroleum gas carriers (LPGCs), tankers and container ships. The Offshore and Special Ship Business segment builds offshore products such as floating production storage and offloading (FPSO), fixed platforms, drilling rigs, and special ships such as submarines, destroyers, rescue ships and security ships. The Other Business segment provides marine freight transportation service, computer integrated advisory and system construction service and others.
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
