What Happened
German and South Korean Bidders Compete for Major Military Procurement
Canada is poised to make a major decision on its military procurement, choosing between German and South Korean bids to build a fleet of 12 submarines. The contract, worth tens of billions of dollars, is one of the country’s largest-ever military procurements. Germany’s ThyssenKrupp Marine Systems and South Korea’s Hanwha Ocean are competing for the deal, with the decision expected to be announced on Monday. The outcome may have significant implications for Canada’s naval defense capabilities and the country’s military procurement strategy, as reported by The Washington Post.