Canada Selects Germany's TKMS to Build Submarines, Media Reports

International|
|
By Kim Su-ho
||

The Canadian government has selected Germany's ThyssenKrupp Marine Systems (TKMS) as the builder for its next-generation submarine program, Canada's leading daily The Globe and Mail reported Thursday, citing two sources.

Canadian Prime Minister Mark Carney is scheduled to announce the plan to acquire diesel-powered submarines to replace the aging Victoria-class vessels at 5:10 p.m. Thursday local time (5:10 a.m. Friday Korea time). He will also unveil the preferred bidder for the Canadian Patrol Submarine Project (CPSP) at that time.

Original reporting by Kim Su-ho for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

Watch · Seoul Economic Daily

More →
5:23

AI KEY

Preview
Korean Corporate Intelligence HubKOSPI · KOSDAQ · 12 sectors

A live, cap-weighted view of every KOSPI and KOSDAQ sector, with same-day Korean reporting distilled by company — built for foreign investors, correspondents and analysts who need to scan Korea before the next session.

Korea Chaebol Tree

Preview
Families Behind the GroupsKFTC May 2026 · DART filings

An English-first interactive map of Samsung, SK, Hyundai, LG and Lotte — built for foreign investors, correspondents and analysts. Korea translates companies into English. We translate the families behind them.

SIGNAL

Pre-register
English Edition · Capital MarketsM&A · IPO · PE · Fund Flows

Pre-register for SIGNAL English Edition — a premium subscription bringing Korean capital markets coverage (M&A, IPOs, private equity, fund flows) to global institutional investors. First access to the 50% introductory rate.