Canada Submarine Deal
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This topic isn't active right now. Last covered Jul 7, 2026. See today's headlines.
Canada has awarded a multi-billion dollar contract to Germany's TKMS for up to a dozen submarines, selecting them over South Korea's Hanwha Ocean. German officials hailed the deal as beneficial for the economy and NATO security.
Canada submarine deal slips away from South Korea's Hanwha Ocean
South Korea's Hanwha Ocean has been unsuccessful in its bid to supply submarines for Canada's $60 billion Canadian Surface Combatant Project (CPSP), with Germany's Thyssenkrupp Marine Systems (TKMS) chosen as the preferred negotiator. Canadian Prime Minister Mark Carney announced the decision on July 6. While the outcome is a disappointment, South Korean President Lee Jae-myung stated that the nat…
Canada's submarine deal good for German economy, chancellor says
German Chancellor Friedrich Merz and Finance Minister Lars Klingbeil announced Tuesday that Canada's choice of Germany's TKMS to construct up to 12 submarines for its navy is positive news for the Ger…
Canada's submarine decision is great news, says German official
German Minister President Daniel Günther has hailed Canada's decision to acquire German submarines as "great news," emphasizing its economic and strategic significance. The order, placed with the Kiel…
Canada Orders German Submarines in Multi-Billion Dollar Deal
Canada is poised to acquire up to twelve submarines from German shipbuilding firm TKMS, in a multi-billion dollar deal announced by Prime Minister Mark Carney. The significant defense contract, reveal…
Canada Awards German Firm Multi-Billion Euro Submarine Contract
Canada has awarded German shipbuilder ThyssenKrupp Marine Systems (TKMS) a significant contract to supply up to a dozen submarines, a deal Canadian Prime Minister Mark Carney described as the largest …
Canada picks Germany’s TKMS for new submarines
Canada has chosen German naval shipbuilder TKMS to construct its next fleet of submarines, a decision that represents the country's largest-ever defense procurement. TKMS, majority-owned by German con…
Canada picks German firm for up to 12 submarines in largest military deal
Canada has chosen Germany's ThyssenKrupp Marine Systems (TKMS) as the preferred supplier for a new fleet of up to 12 submarines, marking the country's largest-ever military procurement. Prime Minister…
