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The Nexus
BUSINESSJul 7 · 01:50 UTCCNBC TOP

Hanwha Ocean shares sink 23% as it loses bid to build Canada's next fleet of submarines

Hanwha Ocean's shares fell 23% after losing a bid to build Canada's next submarine fleet. Canadian Prime Minister Mark Carney announced Germany's Thyssenkrupp Marine Systems as the preferred supplier for the project.

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Hanwha OceanorganizationThyssenKrupp Marine SystemsorganizationMark CarneypersonCanadaplacesubmarinestopic
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