Canada has selected Thyssenkrupp Marine Systems as the leading supplier to build its new submarine fleet. The Canadian Patrol Submarine Project is the largest defense procurement in its history.
Industry sources say the award to TKMS highlights Germany’s expanded role in NATO. South Korean firms were sidelined after Hyundai Heavy Industries and Hanwha Oceanic units chose not to partner with TKMS. German officials said the contract will boost NATO ties and lift domestic shipbuilding output.