Canada Officially Notifies Korean Government of Submarine Project Exclusion
30 Minutes Before Official Announcement by Canadian Prime Minister
Departure for NATO Summit Immediately After the Announcement
Canada has selected Germany's Thyssenkrupp Marine Systems (TKMS) as the preferred bidder for its next-generation submarine program (CPSP).
On July 7, a government official stated, "The Canadian government has informed us that Hanwha Ocean and HD Hyundai Heavy Industries of Korea have been excluded from this project." Canadian Prime Minister Mark Carney is scheduled to announce the final results in Halifax, Nova Scotia, at 5:10 p.m. local time on July 6, just 30 minutes after notifying our government of the contractor decision. Immediately after the announcement, Prime Minister Carney is set to depart for Türkiye, where the NATO summit will be held. Halifax is a major port city in eastern Canada that houses a large naval base.
The CPSP is a large-scale project to introduce up to 12 diesel-powered submarines to replace the aging Victoria-class submarines. When including construction costs as well as maintenance, repair, and operations (MRO) expenses over the following 30 years, the total project size is estimated to reach up to 60 trillion won.
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Germany's Thyssenkrupp Marine Systems (TKMS) has competed with its 212CD model. TKMS has emphasized military logistics interoperability among North Atlantic Treaty Organization (NATO) allies. In order to narrow the gap with Korea's strong point of "swift delivery," TKMS took the strategic step of offering Canada production slots originally reserved for submarines for the German and Norwegian navies.
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