Canada has picked Thyssenkrupp Marine Systems as the leading supplier to deliver its new submarine fleet. The Canadian Patrol Submarine Project is the most costly defense procurement in Canada’s history.
Industry reports say the award to TKMS highlights Germany’s increased role in NATO. South Korean firms were sidelined after Hyundai Heavy Industries and Hanwha Oceanic units refused to partner with TKMS. German officials said the contract will boost NATO ties and increase domestic shipbuilding output.