Today, Canadian Prime Minister Mark Carney announced that the preferred bidder for the Canadian Patrol Submarine Project

Today, Canadian Prime Minister Mark Carney announced that the preferred bidder for the Canadian Patrol Submarine Project will be Germany’s TKMS over South Korea’s Hanwa Ocean. In a procurement effort expected to cost up to $100 billion in its totality, Canada’s biggest such effort, Canada will procure up to 12 Type 212CD diesel-powered submarines in a joint effort with Norway. Additionally, Prime Minister Carney said that TKMS had agreed to shift existing production slots for Norwegian and German orders to prioritize Canada to ensure that they can field 4 of the new submarines by 2034.