South Korea has failed to win Canada's multibillion-dollar submarine program, with Germany's Thyssenkrupp Marine Systems (TKMS) selected as the preferred bidder

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

Canada is nearing a decision on a major submarine program that could open the North American defense market to S. Korea's Hanwha Ocean or Germany.