Canada has selected Thyssenkrupp Marine Systems as the preferred supplier to construct its new submarine fleet. The Canadian Patrol Submarine Project is the largest defense procurement in its history.
Industry sources say the award to TKMS spotlights 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 boost NATO ties and raise domestic shipbuilding output.