Canada Submarine Deal
Canada picks TKMS to build 12 submarines as it boosts NATO spending.
July 6, 2026 · Updated Jul 6, 6:13pm ET
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What happened
Canada selected Germany’s ThyssenKrupp Marine SystemsTKMSGerman naval vessel company as the preferred supplier to build up to 12 new submarines, a procurement Prime Minister Mark Carney
Mark Carney24th prime minister of Canada since 2025 called the largest in Canadian military history. TKMS made its bid with NATO ally Norway and beat South Korea’s Hanwha OceanHanwha Oceanshipbuilder of South Korea for the contract to replace Canada’s aging secondhand submarine fleet. Carney announced the decision Monday at HMC Dockyard in Halifax before heading to a NATO summit. The purchase is part of Ottawa’s push to raise defense spending and expand undersea patrol capacity.

