Canada has picked Thyssenkrupp Marine Systems as the leading supplier to deliver its new submarine fleet. The Canadian Patrol Submarine Project is the largest defense procurement in its history.
Industry experts say the award to TKMS underscores Germany’s growing role in NATO. South Korean firms were sidelined after Hyundai Heavy Industries and Hanwha Oceanic units refused to partner with TKMS. German officials stated the contract will strengthen NATO ties and raise domestic shipbuilding output.