Canada nears decision on new submarine fleet from Hanwha Oceans or TKMS

globalnews.ca

Canada's submarine fleet replacement decision is imminent, with a winner expected by the end of June. Two bidders, South Korea's Hanwha Oceans and Germany's TKMS, are vying for the multi-billion dollar contract to supply approximately 12 new submarines for the Royal Canadian Navy. The government is prioritizing rapid procurement and domestic economic benefits, with the current fleet facing decommissioning by 2035.


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