TKMS, majority-owned by German conglomerate Thyssenkrupp, beat out a competing offer from South Korea’s Hanwha Ocean 042660.KS
International News via Reuters:
Canada said on Monday it wanted Germany’s TKMS to build up to 12 submarines for its navy, deepening defense ties with Europe ahead of a NATO leaders’ summit centered on higher military spending.
TKMS, majority-owned by German conglomerate Thyssenkrupp, beat out a competing offer from South Korea’s Hanwha Ocean 042660.KS.
“This procurement will be the largest in Canadian history,” Prime Minister Mark Carney told a news conference in the Atlantic port of Halifax, but did not give an amount.
Carney, speaking just hours before flying to a NATO summit in Turkey, said Ottawa would now enter talks with TKMS.
“This was a difficult, close decision between two highly qualified suppliers,” he said.
Reporting by Caroline Stauffer, Katharine Jackson, Christoph Steitz and David Ljunggren; Editing by Howard Goller and Nick Zieminski
