EventCanada signed a $24 billion contract with ThyssenKrupp Marine Systems for up to 12 conventionally‑powered submarines featuring under‑ice capability; total life‑time cost will exceed $100 billion. The purchase is driven by the growing accessibility of Canadian Arctic waters as sea ice melts, strengthening national security and sovereignty.
Canada’s plan to invest tens of billions in new submarines is driven by the expanding accessibility of its Arctic seas as sea‑ice retreats, a move intended to bolster national security and sovereignty amid changing maritime conditions.
Canada has announced a $100 billion-plus contract to acquire up to a dozen submarines from German builder ThyssenKrupp Marine Systems, the largest defence purchase in its history, aimed at bolstering Arctic security and meeting NATO’s rising defense‑spending targets.
Canada selects German firm TKMS to build a fleet of 12 conventionally powered submarines with under‑ice capabilities, marking the largest defence procurement in its history and bolstering Arctic maritime sovereignty.
