Canada picks German firm TKMS for new submarine fleet, in one of its largest-ever procurements
Summary
Canada has chosen the German company TKMS to build its new submarine fleet in a deal worth billions of dollars. This contract will replace Canada’s old submarines and is part of efforts to increase military spending and strengthen ties with Europe.Key Facts
- Canada selected TKMS, a German defence company, to build 12 new submarines.
- The contract is one of Canada’s largest military purchases ever.
- The deal is part of Canada’s plan to boost defence spending to 2% of GDP now, and 5% by 2035.
- These submarines will replace older Victoria-class vessels bought in 1998.
- TKMS partnered with Norway in its bid, offering shared maintenance and training benefits.
- Prime Minister Mark Carney announced the decision before attending a NATO summit.
- The new submarines will be conventionally powered and capable of operating under Arctic ice.
- Canada aims to enhance its maritime defence and sovereignty, particularly in the Arctic region.
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