The two bidders are Hanwha Ocean of South Korea and TKMS (ThyssenKrupp Marine Systems) of Germany. The federal government whittled down competition to two suitors last year — ThyssenKrupp Marine Systems, whose shipyard in Kiel, Germany, is seen here, and Hanwha Ocean. In addition, Hyundai Heavy Industries is a partner with Hanwha Ocean on the submarine project. Hanwha Ocean submitted its bid late last week, ahead of the deadline. Members of the Royal Canadian Navy stand aboard the HMCS Corner Brook submarine docked during Fleet Week, in North Vancouver last year.

Source: CBC News March 03, 2026 03:02 UTC