Hanwha Ocean (042660 KS) inks cooperation agreements in Canada amid submarine project bid, according to Yonhap

Hanwha Ocean's cooperation agreements in Canada suggest a strategic move to bolster its position in the submarine project bid.

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Nestle (NESN SW) FY 2025 (CHF): Net Profit 9.03bln (exp. 10.08bln), Revenue 89.5bln (exp. 89.7bln), Organic growth +3.5% (exp. 3.4%), sees FY26 organic growth between 3-4%; in advanced negotiations to sell remaining ice cream business to Froneri

Renault (RNO FP) FY25 (EUR): Net -10.7bln, Revenue 57.9bln (exp. 57.7bln), operating margin 6.3% (prev. guided around 6.5%), sees FY26 operating margin around 5.5%

Hanwha Ocean (042660 KS) inks cooperation agreements in Canada amid submarine project bid, according to Yonhap

Rio Tinto (RIO AT/ RIO LN) FY (USD): Revenue 57.6bln (exp. 57.0bln). Adj. net 10.9bln (exp. 10.8bln). Underlying EBITDA 25.4bln (exp. 24.7bln). Net 9.97bln (-14% Y/Y)

Airbus (AIR FP) Q4 (EUR): Revenue 25.98bln (exp. 26.32bln), Adj. EBIT 2.98bln (exp. 2.85bln), sees 2026 deliveries at about 870 aircraft (exp. 896) and Adj. EBIT about 7.5bln (exp. 8.91bln)

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This could enhance its competitive edge in defense contracts, inviting further investment interest and potentially benefiting its valuation. Keep an eye on sector reactions as this might indicate a trend of increased defense collaborations, impacting peers in the industry.

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