Canada has chosen Thyssenkrupp Marine Systems as the preferred supplier to construct its new submarine fleet. The Canadian Patrol Submarine Project is the most costly defense procurement in the nation’s history.
Industry reports say the award to TKMS underscores Germany’s growing role in NATO. South Korean bidders were sidelined after Hyundai Heavy Industries and Hanwha Oceanic units declined to partner with TKMS. German officials stated the contract will boost NATO ties and raise domestic shipbuilding output.