Canada has selected Thyssenkrupp Marine Systems as the preferred supplier to construct its new submarine fleet. The Canadian Patrol Submarine Project is the biggest defense procurement in Canada’s history.
Industry experts say the award to TKMS highlights Germany’s growing role in NATO. South Korean contenders lost the bid after Hyundai Heavy Industries and Hanwha Oceanic units refused to partner with TKMS. German officials said the contract will improve NATO ties and lift domestic shipbuilding output.