Three months later, formal proposal requirements were issued to the two companies and bids were submitted in March this year.Throughout the process, both companies and their respective governments remained actively engaged with Ottawa, sweetening bids with competing economic and industrial incentives to strengthen their case.
Prime Minister Carney announces the preferred supplier for the Canadian Patrol Submarine Project – the largest defence procurement in Canadian history. Learn more: https://t.co/upKkUiQtad pic.twitter.com/MVrueRDgnE— Prime Minister of Canada (@CanadianPM) July 6, 2026
On 6 July, Canadian Prime Minister Mark Carney announced that TKMS was selected as the preferred supplier to begin negotiations for delivering the next fleet of submarines to the Royal Canadian Navy (RCN).“Government of Canada and TKMS will now enter into negotiations to finalise the contracts and all arrangements required to deliver the requirements of the CPSP. Canada will conclude contracting no later than the end of 2027, with the first four submarines to be delivered ahead of schedule, in 2034,” reads an official statement issued by Ottawa.It also added that in the event that negotiations with the preferred supplier are unsuccessful, Canada may designate Hanwha Ocean as the preferred supplier and enter into negotiations.Stark contrast to India
