Canada Picks German Subs for $24B Fleet Upgrade | Vancouver News

Canada’s poised to overhaul its aging submarine fleet with a $24 billion deal to buy up to 12 new German-built TKMS 212CD subs — the biggest procurement in Canadian history. The first boats could arrive by 2034, replacing the outdated, frequently broken Victoria-class subs bought in the 90s. Prime Minister Mark Carney stressed the strategic need for modern maritime power, especially with NATO allies like Germany and Norway also adopting the same submarines for seamless interoperability. TKMS is offering to accelerate delivery by two years and is required to invest billions back into Canada. Talks could still pivot to South Korea’s Hanwha if needed, with a contract target by 2027. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b371e63941ec1c25