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flag Canada to award $20B submarine contract to one foreign firm, choosing between Germany’s TKMS and South Korea’s Hanwha Oceans.

flag Canada’s defence procurement secretary, Stephen Fuhr, confirmed on March 5, 2026, that the government will award the $20 billion submarine contract to a single foreign company, rejecting reports of a split deal. flag Germany’s TKMS and South Korea’s Hanwha Oceans submitted final proposals for up to 12 new submarines, both participating in a major Ottawa defence conference. flag Fuhr praised the accelerated procurement process, and Navy commander Vice-Admiral Angus Topshee supported the decision, citing operational efficiency and fleet uniformity. flag The final choice is pending a thorough review.

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