Canada to Buy 12 Hi Tech German Submarines After Bidding War The Canadian government has selected ThyssenKrupp Marine Systems (TKMS) over Hanwha Ocean, South Korea's leading shipbuilder, to build 12 cutting edge submarines.
The $70 billion deal includes maintenance and support services for the next five decades. The selection of TKMS reflects Canada's desire to diversify its military partnerships and reduce its reliance on US vendors.
TKMS is a key supplier of NATO's fleet and offers technology that aligns with Canada's Arctic security needs.