Prime Minister Mark Carney climbs out of a 212A class submarine under maintenance as he tours TKMS, a submarine building facility in Kiel, Germany on Tuesday, Aug. 26, 2025. THE CANADIAN PRESS/Christinne Muschi
By The Canadian Press

Carney expected to announce Germany’s TKMS as winner of sub contract: report

Jul 6, 2026 | 6:03 AM

OTTAWA — Prime Minister Mark Carney is set to announce today that Canada will buy its next fleet of submarines from Germany’s TKMS, according to reports from the Globe and Mail and CTV News.

The announcement will bring an end to an unusually quick and intense procurement process and will mean Canada is choosing subs built by a NATO ally over South Korea’s Hanwha Oceans.

Carney is stopping in Halifax to make the announcement today before leaving for the NATO summit in Turkey.

Both bidders promised partnerships with Canadian companies in the race for the multi-billion dollar contract to build up to 12 submarines.

The government is expected to enter into months of negotiations with TKMS to finalize details of the contract.

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Canada will soon have to retire its four Victoria class submarines, which are nearing the end of their lifespans.

This report by The Canadian Press was first published July 6, 2026.

— With files from Kyle Duggan

The Canadian Press Staff

by The Canadian Press

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