Canada has selected Thyssenkrupp Marine Systems as the top supplier to build its new submarine fleet. The Canadian Patrol Submarine Project is the biggest defense procurement in the nation’s history.
Industry sources say the award to TKMS underscores Germany’s increased 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 noted the contract will improve NATO ties and increase domestic shipbuilding output.