Canada picked Germany's TKMS over Korea's Hanwha as NATO leaders gather in Ankara to spend 5% of GDP. Inside the great rearmament - and what it means for La
Rio Times · Analysis
Key Facts
—What happened Canada chose Germany’s TKMS over South Korea’s Hanwha Ocean as preferred bidder for up to 12 submarines, its largest-ever defence procurement, worth up to C$60bn.
—Market impact Hanwha Ocean’s shares fell about 23% in Seoul; TKMS shares rose as much as 12.9% to a near four-month high.
—The bigger frame It landed as NATO leaders gathered in Ankara, one year after committing to spend 5% of GDP on defence and security by 2035.
Canada picks German company to build new submarine fleet in deal worth billions
Canada picks Germany’s TKMS for new submarines
Canada picks German firm for new sub fleet deal, likely strengthening Nato ties
Canada selects German bid for up to 12 submarines | Euractiv
[ED] When alliances trump merit: Canada's submarine decision sends mixed signals - The Korea Times
Canada to buy 12 hi-tech German submarines after bidding war
Canada selects Germany’s ThyssenKrupp to build 12 submarines as it boosts NATO spending
Canada chooses German-Norwegian partnership to supply new submarines
NATO ties trump Korea in Canada's submarine bid - The Korea Times
Carney expected to announce Germany’s TKMS as winner of sub contract: report
German firm TKMS beats Hanwha Ocean of South Korea to Canadian submarine agreement in move expected to strengthen ties with Nato.
German-owned naval shipbuilding company made the bid with NATO ally Norway, beating out South Korea's Hanwha Ocean.
German firm TKMS beats Hanwha Ocean of South Korea to Canadian submarine agreement in move expected to strengthen ties with Nato.
Ottawa selected Germany's TKMS as the preferred supplier, beating a rival offer from South Korea, ahead of the NATO summit
Canada's decision to award its next-generation submarine program to Germany's Thyssenkrupp Marine Systems (TKMS) is more than the…
TKMS beats South Korean rival to multibillion-dollar contract that will deepen Canada’s Nato ties
