Canada has chosen Thyssenkrupp Marine Systems as the leading supplier to build its new submarine fleet. The Canadian Patrol Submarine Project is the biggest defense procurement in its history.
Industry experts say the award to TKMS spotlights Germany’s growing role in NATO. South Korean firms lost the bid after Hyundai Heavy Industries and Hanwha Oceanic units refused to partner with TKMS. German officials noted the contract will strengthen NATO ties and increase domestic shipbuilding output.