Canada selects German firm TKMS for new submarine fleet
Canada has chosen German company ThyssenKrupp Marine Systems (TKMS) over South Korea's Hanwha Ocean to build its new submarine fleet, a deal worth billions. The decision, announced by Prime Minister Mark Carney in Halifax, is expected to strengthen ties with NATO. Carney noted that Canada and South Korea will continue cooperation in other areas.
Key facts
- Canada selected German firm TKMS for new submarine fleet
- South Korean competitor Hanwha Ocean lost out
- Deal worth billions of dollars
- Announced by Prime Minister Mark Carney in Halifax
- Expected to strengthen ties with NATO
- Carney spoke before heading to summit in Ankara
Entities
Institutions
- TKMS
- Hanwha Ocean
- NATO
Locations
- Canada
- Germany
- South Korea
- Halifax
- Ankara