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Canada Shortlists TKMS and Hanwha for New Submarine Fleet

Ottawa begins in-depth talks with the finalists, targeting first delivery by 2035.

Overview

  • The government named Germany’s ThyssenKrupp Marine Systems and South Korea’s Hanwha Ocean as the two qualified suppliers for the Canadian Patrol Submarine Project.
  • The plan calls for up to 12 conventionally powered, under-ice capable submarines to replace the Victoria class, with nuclear options previously ruled out.
  • Officials say engagements with both firms now intensify to shape proposals and schedules, with a goal to receive the first boat no later than 2035.
  • Hanwha says it could deliver four KSS‑III boats before 2035 and complete 12 by 2043 if contracted in 2026, while TKMS briefed Canada on a first delivery in 2034 and a second in 2037.
  • The current Victoria-class fleet will remain in service into the mid-to-late 2030s as Ottawa weighs industrial benefits and a selection approach, with the prime minister visiting TKMS this week and planning a Korea visit in October.