Canada to buy 12 hi-tech German submarines after bidding war
Summary
Canada has chosen a German company, ThyssenKrupp Marine Systems (TKMS), to build 12 new advanced submarines. This is one of Canada’s largest defense deals and aims to strengthen its navy and ties with NATO ahead of an important summit.Key Facts
- Canada will buy 12 new diesel-electric submarines from German company TKMS.
- These submarines will replace older, secondhand vessels currently used by the Royal Canadian Navy.
- The submarines use stealth technology and will support missions in the Arctic, including the Northwest Passage.
- The contract is worth over $12 billion USD, with total costs including maintenance possibly exceeding $70 billion USD.
- The deal involves a long negotiation process before it is finalized.
- TKMS is NATO’s largest supplier of non-nuclear submarines, while South Korean company Hanwha Ocean was the other bidder.
- Canada is increasing defense spending and aims to spend 5% of its GDP on defense by 2035.
- Canada is also looking to diversify its military suppliers beyond the US, buying aircraft from the US but submarines from Germany.
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