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flag Canada to pick submarine builder from South Korea or Germany by 2026, choosing between Hanwha Ocean and ThyssenKrupp.

flag Canada is set to choose between South Korea’s Hanwha Ocean and Germany’s ThyssenKrupp Marine Systems for a $20-billion submarine deal, with a decision expected in 2026. flag Both firms submitted final proposals to replace the aging Victoria-class fleet, aiming for delivery by 2032. flag The government is prioritizing economic benefits, including Canadian construction, job creation, and industrial partnerships. flag Hanwha and TKMS have engaged in extensive outreach, including site visits, local investments, and public campaigns. flag The outcome will shape Canada’s naval capabilities and defence industry for decades.

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