Carney expected to pick Canada’s next submarine builder

Prime Minister Mark Carney is expected to announce Canada’s next submarine supplier before the NATO summit, with Germany’s ThyssenKrupp Marine Systems and South Korea’s Hanwha Ocean as the final contenders. The decision will affect the Royal Canadian Navy’s longdelayed submarine replacement plan, as well as Canada’s defence ties and industrial partnerships. The project is expected to involve 12 submarines and could cost more than $100 billion over its full life cycle, including maintenance and support. Both bidders have proposed major economic benefits alongside the military contract. The GermanNorwegian bid highlights defence manufacturing and infrastructure projects, while the South Korean proposal includes hydrogen infrastructure, vehicle production, and expanded domestic weapons manufacturing. Canada’s current Victoriaclass submarines are nearing the end of their useful life, and defence experts say the navy is under pressure to replace them quickly.