TORONTO \u2014 Canada is expected Monday to choose between German and South Korean bids to build a fleet of 12 submarines in one of its biggest-ever military procurements. <\/p>\n
Germany\u2019s ThyssenKrupp Marine Systems and South Korea\u2019s Hanwha Ocean are competing for the contract to build 12 conventionally powered submarines worth tens of billions of dollars.<\/p>\n
The announcement is expected before Prime Minister Mark Carney departs to the NATO summit in Turkey as NATO allies boost defense spending.<\/p>\n
Carney is scheduled to tour a Canadian Armed Forces base in the Atlantic-coast province of Nova Scotia on Monday before announcing \u201cnew measures to make Canada more secure, resilient, and prosperous.”<\/p>\n
A spokesperson for Carney declined to confirm the submarine announcement will be made on Monday. But Carney said in May a decision would be announced within weeks. <\/p>\n
Canada\u2019s current fleet of four Victoria class submarines are barely in operation. <\/p>\n
German-Norwegian consortium ThyssenKrupp Marine Systems has pitched its submarines as strengthening NATO, noting it has supplied much of the alliance\u2019s conventional submarine fleet.<\/p>\n
South Korea\u2019s Hanwha Ocean has mounted an aggressive advertising campaign and highlighted economic benefits for Canada. <\/p>\n
Last month, Hanwha showcased its KSS-III diesel-electric submarine in British Columbia after the vessel completed the South Korean navy\u2019s first-ever trans-Pacific crossing.<\/p>\n
Both companies say their proposals would generate jobs and investment in Canada. <\/p>\n
Carney\u2019s government has pledged to meet NATO\u2019s higher defense spending targets, committing to spend 5% of Canada\u2019s gross domestic product on defense by 2035 after reaching the alliance\u2019s previous 2% benchmark this year. <\/p>\n","protected":false},"excerpt":{"rendered":"TORONTO \u2014 Canada is expected Monday to choose between German and South Korean bids to build a fleet…\n","protected":false},"author":2,"featured_media":48951,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1773,94,5,1774],"class_list":["post-48950","post","type-post","status-publish","format-standard","has-post-thumbnail","category-germany","tag-ap-a-wire","tag-business","tag-germany","tag-wires-bot"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/48950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=48950"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/48950\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/48951"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=48950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=48950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=48950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}