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 defence 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 neg

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 defence 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.