TORONTO: Canada selected Germany’s ThyssenKrupp Marine Systems on Monday to build 12 submarines, one of its largest military purchases, as it boosts defense spending to meet NATO targets. The decision came before Prime Minister Mark Carney headed to this week’s NATO summit, where allies face pressure to back higher defense spending with concrete plans. “As part of our commitments to defend Canada and support our allies, I am pleased to announce that Canada has selected TKMS as the preferred supplier for Canada’s Patrol Submarine Project,” Carney said.

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...