OTTAWA — Prime Minister Mark Carney is ready to make an announcement in Nova Scotia at this time, which is extensively anticipated to be Canada’s high-stakes choice to purchase a fleet of submarines from South Korea’s Hanwha or Germany’s TKMS.
Carney is stopping in Halifax to make the announcement earlier than leaving for the NATO summit in Turkey.
Each certified bidders supplied a number of partnerships with Canadian firms within the heated race for the multi-billion greenback contract to fabricate as much as 12 submarines.
The federal government and the profitable bidder are anticipated to enter into months of negotiations to finalize the submarine contract.
Stephen Fuhr, secretary of state for defence procurement, is scheduled to make an announcement on the Pacific coast, across the similar time as Carney’s occasion in Halifax.
Ottawa will quickly must retire its Victoria class submarines which can be nearing the tip of their lifespans and each contractors have mentioned they anticipate delivering new subs to Canada within the early 2030s.
Hanwha launched an enormous advert marketing campaign, plastering airports in Canada with ads and hitting broadcast TV and streaming platforms to showcase its KSS-III.
The TKMS marketing campaign for the sub contract has centered on the truth that Germany and Norway, NATO alliance nations, are shopping for the identical mannequin. Interoperability — doing issues like coaching and repairs collectively — is a said purpose of the alliance.
This report by The Canadian Press was first printed July 6, 2026.
— With recordsdata from Kyle Duggan in Ottawa.
The Canadian Press Employees
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