Key facts
- South Korea and Germany are competing for Canada's submarine project.
- The contract is valued at $39 billion.
- South Korea is using high-level diplomacy and a proven design.
- Germany's contender is ThyssenKrupp Marine Systems (TKMS).
- A decision is expected by the end of the month.
A fierce competition is underway between South Korea and Germany for Canada's substantial $39 billion submarine project. Seoul is employing a strategy that includes significant high-level diplomatic engagement to bolster its bid. This approach is coupled with the advantage of offering a submarine design that has a proven track record. Germany, through its company ThyssenKrupp Marine Systems (TKMS), is also a strong contender in this race. The Canadian government is anticipated to make a final decision regarding the awarding of this lucrative contract by the end of the current month. This outcome will have considerable implications for the defense industrial capabilities and international partnerships of both South Korea and Germany.