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Ottawa – After months of playing billion-dollar poker, Canada has apparently made a decision: a consortium led by Germany’s Thyssenkrupp Marine Systems will build the country’s new submarine fleet. This was reported by The Globe and Mail. This will be one of the largest defense contracts in Canadian history.
The official explosion is due to take place on Monday. Prime Minister Mark Carney will announce the decision on his way to the NATO summit, according to insiders. The size of the deal is enormous: the initial volume is estimated at ten billion euros. The project’s scope could exceed 100 within decades, according to the report. billion Canadian dollars (61 billion euros). This means that new jobs could also be created in the shipyards. Like and Wismar. TKMS shares increased significantly by eleven percent.
Mega success for Germany
And one thing is clear: there could not be better news for Chancellor Friedrich Merz (70, CDU) shortly before he leaves for the NATO summit in Ankara tomorrow afternoon. The federal government waged an intense behind-the-scenes campaign for the exit order to Germany. The contender for the award was a South Korean shipbuilding company.
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The net cost of acquiring the submarines is between 20 and 30 billion Canadian dollars, i.e. 13 to 20 billion euros. The rest comes from the decades of maintenance, operation and modernization that make the main order so large. However, the agreement has not yet been finally signed. First there will be Do you have just name your preferred supplier.
Super submarines for the Arctic
Chancellor Merz and Norwegian Prime Minister Jonas Gahr Støre (Norway is also involved in the project) among other things called on Canadian Prime Minister Mark Carney to opt for Europe in a joint maneuver. Germany and Norway are already cooperating in the construction of super submarines. The idea was for Canada to join this project.
Government in Ottawa wants to replace older submarines in the next few years. Canada currently has only four used submarines, of which usually only one is operational. In the future, twelve modern boats will appear, which will be enough for a permanent underwater presence in the Arctic, Atlantic and Pacific Oceans. This is especially important given rising tensions in the Arctic, where Russia and China are expanding their activities. New German-made submarines should Do you have provide for the first time a truly sustainable undersea deterrent capability.