International competition to build Canada’s next submarine fleet enters home stretch
The bidders are pitching delivery speed, NATO interoperability and billions in economic benefits as Ottawa weighs a decision expected by the end of June.
- 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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30 Articles
Presidential envoy visits Canada to expand ties, back submarine bid
Presidential chief of staff Kang Hoon-sik departed for Canada on Sunday in his capacity as presidential special envoy for strategic economic cooperation in a visit widely seen as connected to Ottawa's submarine procurement project. "ROK-Canada relations have been rapidly expanding across the economy, energy and high-tech industries," he wrote on his Facebook page. "Amid the prolonged Middle East crisis, I am keenly aware that the two countries' …
Kang Hoon-sik, Chief of Staff to the President, departed for Canada on the 31st as President Lee Jae-myung's special envoy for strategic economic cooperation. With the selection of the contractor for Canada's next-generation submarine (CPSP) project, estimated to be worth up to 60 trillion won, just one month away, he is expected to provide last-minute, all-out support on-site to help Korean companies secure the contract.
The Toronto Star
International competition to build Canada’s next submarine fleet enters home stretch
Two qualified bidders, South Korea's Hanwha Oceans and Germany's TKMS, have fought to supply the Royal Canadian Navy with some 12 submarines.
Winnipeg Free Press
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.
All for one: Norway, Germany sell Canada on shared submarine fleet
Germany and Norway are intensifying their bid for Canada’s submarine contract, pitching the Type 212CD as part of a shared NATO fleet. The allies have even surrendered production slots to accelerate delivery, highlighting a growing effort to counter South Korea's advantage.
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