Canada selects Germany’s ThyssenKrupp to build 12 submarines as it boosts NATO spending
Summary
Canada has chosen Germany’s ThyssenKrupp Marine Systems to build 12 new submarines as part of a major military purchase. This move supports Canada’s plan to increase defense spending to meet NATO targets and replaces older submarines bought from the UK.Key Facts
- Canada picked ThyssenKrupp Marine Systems, a German company, to build 12 submarines.
- The contract was awarded ahead of a NATO summit focused on defense spending.
- Prime Minister Mark Carney announced the selection and emphasized Canada’s defense commitments.
- ThyssenKrupp beat South Korea’s Hanwha Ocean in the bidding process.
- The submarines will be conventionally powered (diesel-electric), not nuclear-powered.
- Canada wants to boost defense spending to 5% of its GDP by 2035, up from 2%.
- The new submarines will replace Canada’s four old Victoria-class submarines from the UK.
- No U.S. company bid because U.S. submarines are only nuclear-powered, unlike Canada’s diesel-electric preference.
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