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 its history.
Industry sources say the award to TKMS highlights Germany’s increased role in NATO. South Korean contenders were sidelined after Hyundai Heavy Industries and Hanwha Oceanic units refused to partner with TKMS. German officials noted the contract will improve NATO ties and raise domestic shipbuilding output.