TKMS

Canada has selected Germany's TKMS to build 12 new submarines under the country's largest defense procurement, beating Hanwha Ocean's bid. The project, expected to cost up to $70 billion including long-term costs, will replace Canada's aging Victoria-class submarines with TKMS's Type 212CD model, with the first submarine arriving in 2033.

Canada has selected Germany’s TKMS for a new submarine contract. The German-owned naval shipbuilder partnered with NATO ally Norway to win the bid, defeating South Korea's Hanwha Ocean.

Canada has selected a German consortium to build 12 high-tech submarines, beating a South Korean rival in a multibillion-dollar contract that will strengthen its NATO ties. The prime minister announced the decision as part of a major defense procurement.

Germany has canceled its largest naval order in decades, the F126 anti-submarine frigate project, due to delays and cost overruns. The defense ministry will instead procure eight smaller warships from TKMS, shifting from the original plan with Damen Navel and Rheinmetall.

Canada expects to select a preferred bidder for a submarine procurement program within 30 days, with Germany’s TKMS and South Korea’s Hanwha Ocean competing for the contract. The decision is part of Canada’s plan to replace its aging submarine fleet and enhance Arctic and oceanic patrol capabilities.

German Defense Minister Boris Pistorius actively promoted Germany’s Type 212CD submarine bid for Canada’s C$60 billion Patrol Submarine Project, emphasizing economic and NATO integration benefits. The German-Norwegian joint bid faces competition from South Korea’s Hanwha Ocean, which showcased its KSS-III Batch II submarine in Canada.