Canada's prime minister Carney said Ottawa has named Germany's Thyssenkrupp
Marine Systems (TKMS) as the preferred supplier for its next‑generation
submarine fleet and will begin negotiations. The federal budget has earmarked an
estimated cost for 12 submarines; the procurement is projected to raise Canadian
defense spending to about 4% of GDP by 2030. Canada aims to sign a contract with
the preferred bidder by end‑2027, with the first four submarines scheduled for
early delivery in 2034. If negotiations with TKMS fail, Ottawa may open talks
with South Korea's Hanwha Ocean. TKMS is a leading German naval shipbuilder and
a core supplier in the global conventional‑submarine market.
