Canada has chosen Thyssenkrupp Marine Systems as the leading supplier to construct its new submarine fleet. The Canadian Patrol Submarine Project is the biggest defense procurement in the nation’s history.
Industry experts say the award to TKMS underscores Germany’s expanded role in NATO. South Korean bidders missed out after Hyundai Heavy Industries and Hanwha Oceanic units declined to partner with TKMS. German officials stated the contract will strengthen NATO ties and raise domestic shipbuilding output.