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The Canadian government has chosen a German company to build Canada’s new submarine fleet.
Two senior industry sources with knowledge of the process have confirmed to CTV News that Germany’s ThyssenKrupp Marine Systems will be awarded the lucrative contract for 12 new submarines.
One of Canada’s largest ever military procurements, the vessels are meant to replace Canada’s current fleet of four British-made Victoria-class submarines,
TKMS is pledging $160 billion in economic activity in Canada, $86 billion in GDP and more than 650,000 jobs over the entire project.
TKMS also says it has signed 19 memorandums of understanding in recent months, including agreements with companies like Seaspan Shipyards, EllisDon, and Marmen.
German government is backing major investments in the Port of Churchill in Manitoba to help get critical minerals and LNG to market. It also wants to invest in a carbon capture facility in Alberta.
https://www.ctvnews.ca/politics/art...company-to-build-new-submarine-fleet-sources/
Seaspan is an association of Canadian companies involved in coastal marine transportation, shipdocking/ship escort, ship repair & refit.
EllisDon is a global employee-owned construction and building services company founded in 1951. In the Vancouver area.
From its beginnings in 1972 in Trois-Rivières, Quebec,
Marmen, a family-run business, has experienced tremendous expansion and has propelled itself into international markets.
Submarine construction in Germany and Norway with designer European magnetic steel. Twelve billion dollars for 12 submarines. Including lifetime maintenance contracts could reach $100 billion for 30 to 50 year life.
Edit:
ThyssenKrupp Marine Systems Type 212CD submarines do not use magnetic steel. Instead, they use a highly specialized, non-magnetic austenitic steel. This crystalline metal prevents the hull from disrupting the Earth's magnetic field, allowing the submarine to evade detection by enemy Magnetic Anomaly Detection sensors and rendering immune to magnetic naval mines.