Canada chose German maritime defense group ThyssenKrupp Marine Systems (TKMS) to build a new 12-submarine fleet for the country, Prime Minister Mark Carney announced on Monday.
The deal, described as the largest Canadian defense purchase ever, comes at the end of a months-long bidding contest between TKMS and South Korean shipbuilder Hanwha Ocean for the Canadian Patrol Submarine Project — which seeks to replace the Royal Canadian Navy’s aging submarine fleet.
TKMS, for its part, detailed in an official statement that the final proposal will generate 167 billion Canadian dollars (roughly $117 billion) in total economic activity across Canada…
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