Canada is looking to spend tens of billions of dollars on a contract with German shipbuilder ThyssenKrupp Marine Systems (TKMS) to replace Canada’s aging fleet of submarines with up to a dozen new vessels.
Prime Minister Mark Carney called it the biggest defence procurement project in Canada’s history.
Here’s why the purchase could stack up to a major price tag of $100 billion or more over the lifetime of the deal.
A lot of money sloshing around, some of it will land near to Carney’s feet.
