Canada has chosen Thyssenkrupp Marine Systems as the leading supplier to construct its new submarine fleet. The Canadian Patrol Submarine Project is the largest defense procurement in the nation’s history.
Industry experts say the award to TKMS spotlights Germany’s increased role in NATO. South Korean contenders lost the bid after Hyundai Heavy Industries and Hanwha Oceanic units chose not to partner with TKMS. German officials said the contract will strengthen NATO ties and lift domestic shipbuilding output.