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.
The Carney government quietly cancelled the second phase of a long-standing competition to provide the army with light utility vehicles and intends to “invite a limited number of Canadian suppliers” to bid directly, CBC News has learned.
Public Services and Procurement Canada (PSPC) issued a notice late Friday that says the federal government intends to “transition to an updated procurement approach.”
Whichever firm is most closely linked to Brookfield wins.
It will take close to a decade before the submarines Canada wants to buy will have any in-the-sea impact on the country’s security.
But Prime Minister Mark Carney will nonetheless get a boost from Monday’s announcement immediately upon arrival Tuesday for the NATO Leaders’ Summit.
That’s because it’s right on track with the theme of this year’s gathering in Ankara.
NATO has made it official, announcing Tuesday that it intends to acquire up to 10 Saab-manufactured GlobalEye early warning surveillance aircraft in a plan that has important implications for Canada.
Secretary General Mark Rutte said at the outset of this year’s leader’s summit in Ankara, Turkey, that the Western military alliance will open formal negotiations with the Swedish company in order to secure the planes.
The alliance had previously signalled it was looking at the high-tech jet as a replacement for NATO’s existing fleet of aging Boeing E-3 AWACs.
Mark Carney chose German Submarine company TKMS because it benefits himself.
What are the odds?
They just started a brand new company two months ago that is investing in carbon capture… in Canada pic.twitter.com/g3siLyYrsJ— Moose on the Loose (@dsimieritsch) July 7, 2026
h/t Mauser
OTTAWA – Prime Minister Mark Carney’s Liberal government is set to name Germany’s ThyssenKrupp Marine Systems as the preferred bidder to build the navy’s next fleet of submarines, according to multiple media reports.
That means Canada will now enter into months of closed-door negotiations with the winner.
TKMS had been competing with South Korean defence firm Hanwha Ocean for the lucrative contract.
After a closely fought battle between Germany’s TKMS and South Korea’s Hanwha Ocean to build the next generation of submarines for Canada, the federal government has selected a preferred bidder.
Ottawa has chosen TKMS, The Globe and Mail reported on Monday. Prime Minister Mark Carney is set to make the official announcement later in the day in Halifax.
German shipbuilder ThyssenKrupp Marine Systems (TKMS) is expected to be Canada’s preferred choice to build the navy’s new fleet of submarines, sources confirm to CBC News.
Prime Minister Mark Carney will be in Halifax later today where he’ll put an end to long-running speculation about the future of the multi-billion dollar program which will determine the navy’s future.
I’m liking the Korean Turtle Ships as consolation prize for the surface fleet’s replenishment given the U-Boats have won the day for Germany.
There’s a good chance that Prime Minister Mark Carney could make a brief stop in Halifax on his way to the NATO Summit in Turkey this week.
Speculation has been building that the Royal Canadian Navy is preparing to announce the winner of its competition for a new submarine fleet, and Monday would be an ideal day to do it.
The finance minister’s office is refusing to release data to back up recent claims by Prime Minister Mark Carney that Canada will substantially accelerate its defence spending.
“Our fiscal framework has already provisioned to achieve four per cent of GDP in total defence spending by the end of this decade, ahead of NATO’s timetable,” Carney told the CANSEC Defence conference in Ottawa in May, a claim he later repeated at a press conference in June.
Carney is spending money. Just not in Canada …
NATO’s European members and Canada have signaled a readiness to fully take over the financing of Ukraine’s fight against Russia
Amid the ongoing review of Canada’s fighter jet procurement, a federal public servant has been rebuked for distributing a custom-made business card featuring two Lockheed Martin F-35s at a recent military trade show.
According to federal guidelines, all government business cards must follow a standardized template, with a Canadian flag as the sole illustration.
I get the required protocol but any government institution promoting “Transgenders” is not fit to judge.
Canadians are ashamed. Our military has been in disarray and pitifully inferior for years, but since Justin Trudeau and then Mark Carney have been at the helm of our country, it has deteriorated even more.
Conversely, the citizens of the United States (US) are still proud of their mighty army and the men who serve.
For all the ills former prime minister Justin Trudeau left his successor to face, the defence file has been a surprising bright spot.
What makes this all the more remarkable is the fact that just 30 months ago, the then-head of the Royal Canadian Navy took to YouTube to declare that his team and equipment were in a “critical state.” At any other moment in the last 50 years, Vice-Admiral Angus Topshee’s political masters would have punished him for daring to share his unvarnished message.
Not sure I share the author’s premise. Carney is great at pronouncements but when it comes to delivery not so much.
Toss in some Korean BBQ and I’m in.[/caption]OTTAWA — Choosing the winning bid for Canada’s next generation submarine fleet is coming down to the wire. Analysts say the race between the two contenders, German-Norwegian consortium ThyssenKrupp Marine Systems (TKMS) and South Korea’s Hanwha, is too close to call.
Prime Minister Mark Carney has previously said that a decision would be made before the end of June, but sources tell CTV News that the announcement will be delayed a few days. It will likely come before Carney leaves for the July 7 NATO leaders’ summit in Ankara, Türkiye.
OTTAWA – U.S. Ambassador to Canada Pete Hoekstra says when it comes to Canada’s ongoing F-35 fighter jet review, a potential mixed fleet will not put Norad in jeopardy.
“One decision will not kill Norad,” Hoekstra said in an exclusive broadcast interview with CTV News chief political correspondent Vassy Kapelos.
“What we’re always going to look for is what is the total capability that we believe we need to keep America safe, that we need to keep North America safe, the Western Hemisphere safe from the threats that are out there,” he later added.
