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 reports say the award to TKMS highlights Germany’s expanded role in NATO. South Korean firms missed out after Hyundai Heavy Industries and Hanwha Oceanic units declined to partner with TKMS. German officials noted the contract will improve NATO ties and increase domestic shipbuilding output.