WNA Globe

World News by Wild Rose

#Thyssenkrupp ร—

Canada picks German firm for new submarine fleet, South Korean competitor loses out

In a closely watched outcome, Canada on Monday chose a major German defence contractor over its South Korean competitor to build a US multibillion-dollar fleet of submarines, as mid-tier nations increasingly work together in the face of a less reliable United States. Canadian Prime Minister Mark Carney said that Ottawa chose Thyssenkrupp Marine Systems (TKMS)โ€™s package over Hanwha Ocean Companyโ€™s. The move is expected to strengthen ties between Canada and Nato, which is holding a two-day summit...