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Canada picks German firm TKMS for submarine fleet over South Korean rival

Canada has selected the German firm Thyssenkrupp Marine Systems (TKMS) to build its new submarine fleet, opting over South Korean competitor Hanwha Ocean. This decision, announced by Prime Minister Mark Carney, is seen as a move to strengthen ties with NATO amidst growing concerns about the reliability of the United States under President Donald Trump. While South Korea may be disappointed, Canada's foreign policy is not necessarily shifting away from Asia. AI

RANK_REASON Major defense procurement decision by a G7 nation impacting international relations and defense industry. [lever_c_demoted from significant: ic=1 ai=0.1]

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Canada picks German firm TKMS for submarine fleet over South Korean rival

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  1. SCMP — Tech TIER_1 English(EN) · Mark Magnier ·

    Canada picks German firm for new submarine fleet, South Korean competitor loses out

    In a closely watched outcome, Canada on Monday chose a major German defence contractor over its South Korean competitor to build a US multibillion-dollar fleet of submarines, as mid-tier nations increasingly work together in the face of a less reliable United States. Canadian Pri…