Canada selects TKMS for submarine fleet

Timeline

1. 3 days ago

   [POLITICS] 2 sources

   Canada selects German‑Norwegian TKMS for new submarine fleet

   Canada chose German‑Norwegian TKMS to build up to 12 submarines, with first delivery in the mid‑2030s, and is discussing clean‑energy reactor tech with GH Power for defence manufacturing.

2. 13 days ago

   [BUSINESS] 4 sources

   Babcock Canada Wins Six-Year Extension for Victoria Submarine Support

   Canada extended Babcock Canada's contract to service its four Victoria‑class submarines for six years, a C$1.1 billion deal that sustains 1,500 jobs and readies the navy for new German‑built subs.

3. 14 days ago

   [BUSINESS] 2 sources

   TKMS secures €8 billion Indian submarine deal and leads CAD 167 billion Canadian project

   TKMS expects an €8 billion Indian submarine order and leads Canada’s 212CD program, projected to generate CAD 167 billion in activity and 650k job‑years, while also supplying systems to Sweden’s Saab.

4. 20 days ago

   [POLITICS] 2 sources

   Canada selects German shipbuilder TKMS for new submarine fleet

   Canada chose German firm TKMS as the preferred supplier for up to 12 new submarines, launching a major defence procurement that will expand CFB Esquimalt, create thousands of jobs and replace the aging Victoria

5. 22 days ago

   [POLITICS] 4 sources

   Canada selects German TKMS 212CD submarines for naval modernization

   Canada picks German TKMS 212CD submarines, boosting Arctic capabilities and NATO ties while shifting focus from Indo‑Pacific deployment.

6. 26 days ago

   [POLITICS] 2 sources

   Canada advances submarine procurement with Nova Scotia prep and West Coast shipyard readiness

   Canada has chosen Thyssenkrupp Marine Systems to build up to 12 new submarines, prompting Nova Scotia to gear up for housing and trade training while BC’s Seaspan shipyard prepares to maintain the fleet, with a

7. 26 days ago

   [INTERNATIONAL] 2 sources

   UK outlines £298 bn defence plan; Canada joins German‑Norwegian submarine programme

   Britain launches a £298 bn defence plan while Canada joins Germany and Norway in buying up to 12 Type‑212CD submarines, expanding a joint NATO‑aligned fleet.

8. 26 days ago

   [INTERNATIONAL] 13 sources

   Canada awards record €20‑billion submarine contract to Germany's TKMS

   Canada selects German‑Norwegian TKMS to build up to 12 Type 212CD submarines in a €20 billion contract, replacing old vessels and bolstering NATO Arctic security.

9. 27 days ago

   [POLITICS] 2 sources

   South Korea and Canada Discuss Submarine Procurement Amid AI Cooperation Talks

   Canada chose Germany's TKMS over Korea's Hanwha for its submarine program; South Korean President Lee met Canada’s PM in Ankara, discussing AI cooperation and broader defence ties.

10. 27 days ago

    [POLITICS] 2 sources

    Canada commits $925M to Ukraine and announces submarine contract selection

    Canada pledged C$925 million in aid to Ukraine and will soon name the winner of its $100 billion submarine replacement program, choosing between German and South Korean bids.

11. 29 days ago

    [INTERNATIONAL] 131 sources

    Canada selects Germany's TKMS to build up to 12 submarines for Arctic patrol

    Canada chose Germany’s TKMS, with Norway, to build up to 12 Type‑212CD submarines for the Canadian Patrol Submarine Project, a multibillion‑dollar deal to replace its aging fleet and boost Arctic and NATO naval

12. about 1 month ago

    [INTERNATIONAL] 3 sources

    Canada to select winner of $60 billion submarine bid between Korea and Germany

    Canada's $60 billion submarine bid, pitting Korea's Hanwha‑Hyundai consortium against Germany's TKMS, is set for a single‑supplier award before the July 7 NATO summit, with delivery, economics and strategic tie

13. about 1 month ago

    [BUSINESS] 7 sources

    South Korea's KOSPI slides over 6% amid foreign sell‑off and circuit‑breaker triggers

    KOSPI fell over 5% on June 26, driven by foreign sell‑off and semiconductor profit‑taking, triggering a circuit‑breaker; KOSDAQ also slipped, while shipbuilding stocks rallied later on project optimism.

14. about 1 month ago

    [INTERNATIONAL] 2 sources

    Canada's Submarine Procurement Faces Korean Competition Amid NATO Concerns

    South Korea says its submarine bid is competitive for Canada’s $39 bn fleet renewal, but NATO considerations and geopolitical pressure could affect the decision, with a possible split award with Germany.

15. about 1 month ago

    [POLITICS] 3 sources

    Canada Nears Decision on Submarine Supplier as Economic and Workforce Challenges Loom

    Canada will announce a preferred submarine supplier—Hanwha or TKMS—within weeks, with both bids promising billions in economic activity and hundreds of thousands of jobs, while facing infrastructure and skilled

16. about 1 month ago

    [POLITICS] 14 sources

    Canada to select submarine supplier for up to 12 new Arctic‑capable vessels

    Canada will pick either South Korea’s Hanwha or Germany’s TKMS for up to 12 new diesel‑electric submarines, a multi‑billion‑dollar deal expected before the July NATO summit, with Arctic deterrence and missile‑f

17. about 2 months ago

    [BUSINESS] 2 sources

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

    Canada’s $30‑43 bn submarine program pits South Korea’s proven KSS‑III design against Germany’s advanced Type 212CD, with a decision expected by July and a final award by 2025.

18. about 2 months ago

    [BUSINESS] 2 sources

    TKMS secures submarine steel contract for Canada’s patrol submarine program

    German shipbuilder TKMS won a 70‑tonne submarine‑steel order from Canada’s Valbruna ASW, part of the Canadian Patrol Submarine project, boosting its €20.6 billion order book but keeping its shares under pressur

19. about 2 months ago

    [POLITICS] 2 sources

    Canada Nears Largest Submarine Procurement, Choosing Between German and South Korean Bids

    Canada will pick a preferred bidder within a month for a submarine program that could be its largest defence purchase, with German TKMS and South Korean Hanwha as the two qualified contenders.

20. about 2 months ago

    [POLITICS] 3 sources

    Canada to pick submarine supplier in its largest defence purchase ever

    Canada will choose a preferred bidder for a 12‑submarine program within 30 days, marking its largest defence purchase, with German TKMS and South Korean Hanwha Ocean competing.

21. 2 months ago

    [POLITICS] 2 sources

    Canada Chooses Multi‑Billion Submarine Supplier – Germany or South Korea

    Canada will decide by June which supplier – Germany's Thyssenkrupp or South Korea's Hanwha/Hyundai – will provide up to 12 new submarines, a multi‑billion‑dollar deal shaping NATO or Indo‑Pacific ties.

22. 2 months ago

    [BUSINESS] 2 sources

    South Korea pushes for Canadian submarine contract, expands defense and space ties

    South Korea’s chief of staff visited Canada to boost its submarine bid, signing defence and space MoUs while promoting broader economic cooperation ahead of the contract decision.

23. 2 months ago

    [BUSINESS] 6 sources

    Canada closes in on decision for 12‑submarine contract, bids from South Korea and Germany

    Canada is finalising a $10‑plus‑billion deal for up to 12 new submarines, weighing bids from South Korea’s Hanwha and Germany’s TKMS, with a decision due by end‑June.

24. 2 months ago

    [BUSINESS] 2 sources

    South Korean envoy pushes for $45 bn submarine contract in Canada

    South Korea’s presidential envoy Kang Hoonsik travelled to Canada to secure a 60 trillion‑won deal for 12 new submarines, meeting defence officials and promoting Korean shipbuilding.

25. 2 months ago

    [POLITICS] 12 sources

    Canada welcomes South Korean warship and submarine ahead of submarine procurement decision

    South Korean frigate and KSS‑III submarine visited CFB Esquimalt, underscoring defence ties as Canada readies a $4 billion submarine purchase decision.

26. 2 months ago

    [POLITICS] 2 sources

    South Korea showcases submarines in British Columbia to win Canadian contract

    South Korea’s Hanwha displayed KSS‑III submarines in Victoria as Canada weighs bids from Hanwha and Germany’s TKMS for a 12‑sub fleet, with a decision due in June and deliveries expected from 2032.

27. 2 months ago

    [INTERNATIONAL] 3 sources

    South Korean Submarine Arrives in Canada to Boost Hanwha's Patrol Submarine Bid

    A South Korean KSS‑III submarine arrived in Esquimalt, Canada, to demonstrate Hanwha’s bid for the Canadian patrol submarine contract, highlighting delivery speed, cost savings and a C$60 billion economic offer