Canada has picked Thyssenkrupp Marine Systems as the leading supplier to deliver its new submarine fleet. The Canadian Patrol Submarine Project is the biggest defense procurement in the nation’s history.
Industry reports say the award to TKMS spotlights Germany’s expanded role in NATO. South Korean firms lost the bid after Hyundai Heavy Industries and Hanwha Oceanic units refused to partner with TKMS. German officials stated the contract will strengthen NATO ties and lift domestic shipbuilding output.