German naval, 212CD submarines
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Hanwha Ocean, South Korean and navy submarine
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Canada picks German firm TKMS for new submarine fleet, in one of its largest-ever procurements
The multi-billion dollar deal comes as PM Carney heads to a Nato summit where members are expected to show new military investment.
Ottawa has announced the selection of German TKMS to supply up to twelve submarines for the Canadian Patrol Submarine Project.
The German government voiced optimism that Canada will opt for a bid led by ThyssenKrupp Marine Systems to build a fleet of submarines in a deal worth tens of billions of dollars.
The 12-boat procurement is one of Canada’s biggest-ever defense buys and marks a major shift toward closer military cooperation with European allies.
Prime Minister Mark Carney celebrated Canada's submarine partnership with Germany and Norway at the NATO summit, while also having a constructive conversation to reassure South Korea after Hanwha Ocean lost the competition.