Canada picks Germany's TKMS for submarine project, South Korea's Hanwha Ocean as reserve
Canada selected Germany's Thyssenkrupp Marine Systems (TKMS) as the preferred bidder for its patrol submarine project, which involves up to 12 diesel-electric submarines. South Korea's Hanwha Ocean-led consortium was named as the 'reserve supplier.' Analysts see the outcome as a test of whether geopolitics outweighs commercial competitiveness.