Deadline day: $20B submarine showdown puts Korean and German bids in spotlight

2026-03-02 - 09:03

Canada's high-speed push to replace its aging Victoria-class submarines reaches a pivotal moment on Monday as South Korea's Hanwha Ocean and Germany's TKMS submit formal bids in a program worth more than $20 billion. The contest — to supply up to 12 boats — will shape Canada's naval reach and industrial alliances for decades.