Hanwha Ocean posted a sharp Q4 operating loss in its special ship division after heavy spending to win Canada’s submarine project, highlighting the risks of aggressive overseas expansion.
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https://en.infomaxai.com/news/articleView.html?idxno=104197

Hanwha Ocean's 'Decisive Bet' on Submarines—Hundreds of Billions Spent on SG&A, Special Ship Division Swings to Operating Loss
Hanwha Ocean posted a sharp Q4 operating loss in its special ship division after heavy spending to win Canada’s submarine project, highlighting the risks of aggressive overseas expansion.