Canada Can Barely Keep One Submarine at Sea — So It Just Committed to Tripling the Fleet in Its Biggest Naval Overhaul in Decades

Canada Can Barely Keep One Submarine at Sea — So It Just Committed to Tripling the Fleet in Its Biggest Naval Overhaul in Decades

Canada has selected Germany’s ThyssenKrupp Marine Systems to build a new class of submarines for the Royal Canadian Navy. The contract for the submarines is estimated to initially cost $24 billion, though accounting for lifetime program costs could bring that figure to over $100 billion. Speaking in Halifax, Canadian Prime Minister Mark Carney hailed the landmark decision. “This project is about much more than acquiring submarines. It builds Can…

New submarine jobs raise housing concerns in Halifax

When Canada chose German company ThyssenKrupp Marine Systems (TKMS) to build up to 12 new submarines, it also opened the door for Halifax, with its strong naval tradition, to experience an employment boom over the next decade.

Why is Canada spending tens of billions on new submarines?

Here's why the federal government's purchase of a dozen submarines could stack up to a major price tag of $100 billion or more over the lifetime of the deal.