Canada has selected Germany’s ThyssenKrupp Marine Systems to build 12 submarines, one of its largest military purchases, as it boosts defense spending to meet NATO targets.

Canada is expected Monday to choose between German and South Korean bids to build a multibillion-dollar fleet of 12 submarines

Germany's ThyssenKrupp Marine Systems (TKMS) has been selected as the preferred bidder to build Canada's next fleet of submarines, according to Can...