Will Germany’s ThyssenKrupp Marine Systems (TKMS) or South Korea's Hanwha Ocean prevail?

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Canada is proceeding full-speed ahead on one of the most, if not the most, expensive single military purchases in this country’s history. The plan is to buy up to 12 new submarines to replace the navy’s current aging fleet of Victoria-class boats. Article content

In late August 2025, t he Liberal government announced it had narrowed down its choices to two submarine builders: Germany’s ThyssenKrupp Marine Systems (TKMS) and the South Korean company Hanwha Ocean. Hanwha is offering Canada the KSS-III submarine and TKMS says it will provide the Type 212CD submarine. Article content Article content

On Oct. 30, Prime Minister Mark Carney will visit Hanwha Ocean’s facilities to

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