Canada chooses German company to build new submarine fleet: report
The deal would replace Canada’s aging Victoria-class fleet and could top $100 billion over its lifetime, officials and industry sources said.
- On Monday, Canada selected Germany's Thyssenkrupp Marine Systems to build a new submarine fleet, concluding an intense year-long competition against South Korea's Hanwha Ocean.
- Canada's aging Victoria-class submarines face retirement in the mid-2030s, necessitating a new fleet capable of operating under ice to secure coastlines amid increasing Russian and Chinese activity in the Arctic.
- Prime Minister Mark Carney's industrial strategy emphasizes a "build, partner, buy" approach to gain domestic investment, with estimates suggesting the deal could top $100 billion over decades including support and maintenance.
- Carney will announce the decision Monday before heading to the North Atlantic Treaty Organization summit in Turkey, as German officials called the TKMS offer "unbeatable" while Canada targets 5% gross domestic product defense spending by 2035.
- The procurement represents a significant shift in military strategy, aiming to bolster domestic capabilities in artificial intelligence and steel manufacturing while deepening defense ties with European allies.
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Germany's advertising has been successful: Canada is awarding a billion-dollar contract for the construction of submarines to the Kiel naval shipbuilder TKMS. For the company, it is the largest submarine contract in the company's history. By Giselle Ucar.
Canada Chooses German Submarines for Navy Fleet
Get latest articles and stories on World at LatestLY. "Canada is designating German manufacturer TKMS as the preferred supplier for our next fleet of submarines. This will be the largest defence procurement in our nation's history and it will have enormous, lasting benefits for Canadian industries and workers," Carney said. World News | Canada Chooses German Submarines for Navy Fleet.
Canada chooses German submarines for navy fleet - The Tribune
"Canada is designating German manufacturer TKMS as the preferred supplier for our next fleet of submarines. This will be the largest defence procurement in our nation's history and it will have enormous, lasting benefits for Canadian industries and workers," Carney said.
Canada Selects Germany’s TKMS as Preferred Bidder for Massive Submarine Procurement
HALIFAX (VINnews) – Canadian Prime Minister Mark Carney announced Monday that Germany’s thyssenkrupp Marine Systems (TKMS) has been chosen as the preferred bidder over South Korea’s Hanwha Ocean for Canada’s largest-ever military procurement, a project to acquire up to 12 advanced diesel-powered submarines at a potential cost of up to $100 billion. The decision advances […]
By choosing the German manufacturer for its new submarine fleet, Ottawa prefers to rely on a safe value
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