Canada & ThyssenKrupp — TKMS
8 shared events · Importance 4 · Last updated Jul 20, 2026
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International
Canada: Canada secures its largest defense procurement, modernizing its submarine fleet and strengthening NATO commitments, with long-term economic benefits.
ThyssenKrupp — TKMS: TKMS wins a landmark contract to build up to 12 submarines for Canada, boosting its order book and reinforcing its position as a leading non-nuclear submarine builder.
Jul 06, 2026 · 54 articles
International
Canada: Canada increases defense spending with missile and submarine contracts, strengthening its NATO commitments and military modernization.
ThyssenKrupp — TKMS: Selected as preferred bidder for Canada's submarine fleet, securing a major contract.
Jul 08, 2026 · 6 articles
Business
Canada: Canada invests $1.1 billion in submarine maintenance while pursuing a new submarine fleet, balancing current capability with future modernization.
ThyssenKrupp — TKMS: TKMS is the preferred bidder to supply up to four Type 212CD submarines to Canada, with negotiations expected by end of 2027.
Jul 20, 2026 · 6 articles
International
Canada: Canada is the recipient of the submarine procurement project, valued at US$39.7 billion, and is evaluating bids from international consortiums. This event is crucial for its national defense capabilities.
ThyssenKrupp — TKMS: Thyssenkrupp Marine Systems is the main competitor against the South Korean consortium for the Canadian submarine project. The outcome of this bid will directly impact its potential for a large defense contract.
Jun 02, 2026 · 6 articles
International
Canada: Retaliated with dollar-for-dollar tariffs, suspending negotiations. Faces economic damage from US tariffs, but shows resolve to defend its interests and diversify trade.
ThyssenKrupp — TKMS: German defense firm selected to build Canada's new submarines, part of Canada's diversification efforts.
Aug 21, 2026 · 200 articles
International
Canada: Canada announced new defense spending and submarine deals, and launched free trade talks with Turkey. It met NATO's 2% GDP target and pledged to reach 3.5% by 2029.
ThyssenKrupp — TKMS: Selected by Canada to build new submarine fleet, a multi-billion-dollar contract.
Apr 20, 2026 · 317 articles
International
ThyssenKrupp — TKMS: Oliver Burkhard, the CEO of ThyssenKrupp — TKMS, commented on the need for Europe to become more independent in light of shifting transatlantic ties, reflecting broader industry concerns.
Jan 16, 2026 · 190 articles
Business
ThyssenKrupp — TKMS: TKMS is adopting BlackBerry — QNX's General Embedded Development Platform for its next-generation naval platforms, aiming to deliver highly reliable and cyber-resilient systems for Canada's submarine program and allied nations.
Apr 15, 2026 · 8 articles
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Canada selected preferred supplier ThyssenKrupp — TKMSUS-Canada trade war...
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