The Canadian government has finalized a deal with Germany’s ThyssenKrupp Marine Systems (TKMS) to build up to 12 submarines, marking the largest defence procurement in Canadian history.Prime Minister Mark Carney announced the decision in Halifax, emphasizing its strategic importance for NATO alliances and Arctic security.The partnership with Norway aims to strengthen ties with European allies and enhance Canada’s naval capabilities.The first four submarines are expected by 2034, with TKMS offering to reallocate vessels from existing orders to meet deadlines.The deal, valued at $80 billion, will create over 100,000 jobs and bolster Canada’s defence industrial base.While South Korea’s Hanwha Ocean was a competing bidder, TKMS was chosen for its proven technology and economic benefits.The procurement aligns with Canada’s broader efforts to assert sovereignty in the Arctic and strengthen its role within NATO.Critics note the high cost, but the government maintains it’s a critical investment in national security.
Original title: Canada picks Germany’s TKMS to build ‘up to’ 12 submarines in largest Canadian defence purchase ever
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