Canada's $30‑43bn Submarine Procurement Chooses Between South Korean and German Bids

Canada is advancing its Canadian Patrol Submarine Project (CPSP), a $30‑43 billion program to replace the Royal Canadian Navy’s aging Victoria‑class fleet with up to 12 new diesel‑electric submarines. The competition has narrowed to two finalists: a consortium led by South Korea’s Hanwha Ocean, proposing its proven KSS‑III platform, and Germany’s Thyssenkrupp Marine Systems (TKMS), offering the next‑generation Type 212CD design.

Hanwha Ocean highlighted the operational record of its Dosan Ahn Changho‑class submarine, which docked at Esquimalt Naval Base in May for joint exercises. A company spokesperson said the vessels provide “superior underwater surveillance capability and deployability in the Arctic with extended range and endurance.” The firm argues that its proven platform reduces technical and financial risk for Ottawa.

TKMS counters with the Type 212CD’s advanced stealth, the ORCCA combat management system, and deep integration into NATO’s conventional submarine fleet, promising a “new hull form and combat systems” for Canada. The decision on the contract is expected by mid‑July, with the final award projected for 2025.