Winner of high-stakes competition to build Canada 12 submarines to be announced Monday, sources say
Prime Minister Mark Carney is expected to announce the winner of a multi-billion dollar contract to build 12 submarines for the Royal Canadian Navy. The competition involves Germany's TKMS and South Korea's Hanwha.
Why it matters
This procurement is a major component of Canada's effort to modernize its military and increase defense spending to Cold War-era levels.
The Royal Canadian Navy hosts the Republic of Korea Navy KSS-III, known as Dosan Ahn Chang-ho, during a welcome ceremony at CFB Esquimalt in B.C., on May 25. The South Koreans dispatched the submarine to Canada to show off their technology. Chad Hipolito/The Canadian Press
The report focuses on procurement facts and government defense strategy without partisan framing.
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