The federal government has selected Germany’s Thyssenkrupp Marine Systems (TKMS) as the preferred supplier for the Canadian Patrol Submarine Project (CPSP), initiating contract negotiations for up to 12 conventional submarines that will reshape the industrial offset landscape for Canada’s space sector.
![Moments before the signing of the MOU between Reaction Dynamics and Hanwha Ocean. [Front row left to right] Vice Admiral Steve SK Jeong (ret.), Senior Executive Vice President, Hanwha Ocean Bachar Elzein, Founder & CEO, Reaction Dynamics. [Back row left to right] Kyong Hoon "Spike" Min, Hanwha Ocean Team Leader Jeonghoon (Jay) Kim, Director of External Affairs, Korean Space Agency Lisa Campbell, President of the Canadian Space Agency Stéphanie Durand, Vice President of the Canadian Space Agency Jesse Mikelberg, Director of Business & Strategy, Reaction Dynamics.](https://i0.wp.com/spaceq.ca/wp-content/uploads/2026/05/reaction-dynamics-hanwha-ocean-mou-signing.jpg?resize=800%2C600&ssl=1)
