HD Hyundai Heavy Industries expressed disappointment after losing the bid for Canada's Next-Generation Submarine Project (CPSP).
In a statement on July 7, the company said, "It is regrettable that we could not achieve a successful outcome, but we are confident that the experience of working as a united team for this bid will serve as a strong foundation for the advancement of K-defense."
They added, "We will do our utmost to leverage this experience to achieve success in future K-defense exports and enhance national interests."
Finally, HD Hyundai Heavy Industries extended its gratitude to the government, related agencies, and the public for their support throughout the bidding process.
* This article has been translated by AI.
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