Canada has selected Thyssenkrupp Marine Systems as the top supplier to construct its new submarine fleet. The Canadian Patrol Submarine Project is the largest defense procurement in its history.
Industry experts say the award to TKMS underscores Germany’s growing role in NATO. South Korean bidders lost the bid after Hyundai Heavy Industries and Hanwha Oceanic units chose not to partner with TKMS. German officials stated the contract will boost NATO ties and lift domestic shipbuilding output.