Carney hails submarine deal as NATO win, moves to ease South Korea's disappointment
Ottawa says the deal could be the largest in Canadian history and includes negotiations over up to 12 submarines and industrial partnerships.
- On Monday, Prime Minister Mark Carney announced Canada selected German-Norwegian consortium TKMS as the preferred supplier for new patrol submarines at a Canadian Armed Forces base in Halifax.
- Canada is pursuing these new submarines to protect the increasingly trafficked Arctic, marking a strategic shift toward purchasing a long-term 'enterprise' rather than a simple fleet.
- While Hanwha signed over 80 partnerships including support for Algoma Steel in Ontario, TKMS prioritized quality, securing more than 18 agreements with Canadian companies.
- Ottawa is booking the estimated cost for up to 12 submarines into Canada's federal budget, aiming to reach spending equal to four per cent of GDP by 2030.
- En route to the NATO summit in Turkey, Carney reaffirmed Canada's commitment to meet the alliance's new 5 per cent defense spending target after reaching the previous two per cent benchmark earlier this year.
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Winnipeg Free Press
City NewsPremier says N.S. is ready for the economic boom expected from Canada's new subs
HALIFAX - Nova Scotia’s premier says the province is ready with the infrastructure and people needed to handle the expected economic boom associated with Canada’s new submarine fleet.
Korean Shipbuilding Giant Abandons Hamilton Deal After Ottawa Picks German Company for Submarine Contract
Korean shipbuilding company Hanwha Ocean says it is pulling out of a partnership training deal with Ontario Shipyards and Mohawk College, following Ottawa’s selection of a German company to build new submarines for the Canadian navy. Hanwha announced it was exiting the arrangement after Prime Minister Mark Carney said on July 6 that Germany’s ThyssenKrupp Marine Systems (TKMS) had been selected as the preferred supplier for Canada’s new submarin…
The Marmen company in Trois-Rivières is becoming one of the Canadian industrial companies that will benefit most from the new Industrial Defence Strategy that Mark Carney's Liberal government set up through its association with the German manufacturer ThyssenKrupp Marine Systems (TKMS) to replace the Canadian military submarine fleet.
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