"South Koreans are hoping to change that with a $60 billion submarine deal Hanwha Ocean is trying to sign with Canada; it would be the largest military procurement deal in Ottawa’s history. But the peninsula faces a formidable opponent in Germany’s ThyssenKrupp Marine Systems, which has a long track record of producing submarines for NATO countries. Canada is expected to announce the winning company later in June — which means the South Korean government and Hanwha still have a little time to lobby Ottawa — but the odds look increasingly slim, according to Kim, the president of SMI."

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What's interesting about the German/Korean bids to build subs for Canada is that both countries are offering package deals that include building other military vehicles and parts in Canada. This isn't just going to be a one-time purchase of military goods. The deal, whichever country gets it, will, ideally, kick-start long-term cooperation. The Canadian government seems to want what they used to have with the U.S., only with more reliable partners that won't regularly threaten their sovereignty.

This isn't so much a rise of SK's weapons business as it is the rise of a new, integrated military supply chain centred around NATO and close allies, but with a deliberate move away from U.S. suppliers.