Canada has chosen Thyssenkrupp Marine Systems as the leading supplier to build 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 spotlights Germany’s increased role in NATO. South Korean firms lost the bid after Hyundai Heavy Industries and Hanwha Oceanic units declined to partner with TKMS. German officials stated the contract will improve NATO ties and lift domestic shipbuilding output.