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International competition to build Canada’s next submarine fleet enters home stretch

The finalists are offering faster delivery and billions in economic benefits as Ottawa weighs a roughly 12-submarine order for the Royal Canadian Navy.

  • The Royal Canadian Navy's competition to replace its submarine fleet enters its final stretch, with Prime Minister Mark Carney's government expected to select a winner between ThyssenKrupp Marine Systems and Hanwha Ocean by late June.
  • Canada is racing to replace its four Victoria-class submarines, which are expected to be out of commission by 2035, forcing the government to push the procurement process at an unusually fast pace.
  • Germany's TKMS promises four vessels by 2036, pledging $160 billion in economic activity and more than 650,000 jobs, while emphasizing NATO interoperability with Norway as a military advantage.
  • Rival bidder Hanwha launched a massive advertising blitz at the CANSEC trade show, promising $60 billion in economic opportunities and 22,500 jobs annually as Hanwha Defence Canada CEO Glenn Copeland aims to establish the brand domestically.
  • Secretary of State Stephen Fuhr described the one-year procurement timeline as "unbelievable speed," noting that acquiring 12 new boats could create the world's largest conventional submarine fleet through regional cooperation.
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21 Articles

Winnipeg Free PressWinnipeg Free Press
+11 Reposted by 11 other sources
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International competition to build Canada's next submarine fleet enters home stretch

OTTAWA - The race to build Canada's next submarine fleet is on its final lap as the federal government evaluates two rival bids for the lucrative contract.

·Winnipeg, Canada
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Will the new Canadian submarines come from Germany or South Korea? In Canada Pistorius campaigned for the possible billion deal: "May the better win," he said. This is more than just a deal. By C. Buckenmaier.[more]]>

·Hamburg, Germany
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Duel at the top between Germany and South Korea for the Canadian submarine market.

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defence-industry.eu broke the news on Friday, May 29, 2026.
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