Canada awards its program for 12 new submarines to Germany’s ThyssenKrupp Marine Systems after Prime Minister Mark Carney cites NATO interoperability and the 212CD platform as decisive factors.The program is valued by Ottawa at up to $100B over three decades, Hanwha Ocean shares fall more than 20 percent, and Hanwha’s consortium had presented an offer it said exceeded $70B with plans for about 25K annual Canadian jobs versus TKMS’s projection of roughly $167B in economic activity.South Korean President
Lee Jae Myung pledges government support, Seoul’s Defence Acquisition Program Administration expresses regret, and analysts say the choice reflects alliance logistics and transatlantic industrial integration rather than a rebuke of South Korean capabilities.