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Canada to announce submarine contract winner on Monday, Globe and Mail says

Canada’s $60B submarine deal could reshape defense ties with Europe or Asia—winner announced Monday

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The brief

The decision follows years of delays and will determine whether Canada deepens defense partnerships with NATO allies or strengthens ties with South Korea amid regional tensions. The selection will also influence Canada’s future submarine production capacity, with local jobs and industrial benefits factored into the decision.

Watch for Carney’s press conference details, potential reactions from the losing bidder, and how the winner’s home country responds—particularly regarding export controls, technology transfers, or joint production agreements. Coverage may also highlight labor and supply chain commitments tied to the contract.

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Quick answers

Which companies are the finalists for Canada’s submarine contract?

Coverage names **German** (likely ThyssenKrupp Marine Systems) and **South Korean** (Hyundai Heavy Industries) firms as the remaining bidders.

How much is the submarine contract worth?

The contract is valued at up to **$60 billion CAD** for 12 submarines and associated infrastructure, according to multiple sources.

When and where will the winner be announced?

Defense Minister **Bill Carney** will make the announcement on **Monday, July 8**, though the exact time and location have not been specified in coverage.

Coverage (5)

Topics

Canada Class submarines Canada-Germany defense ties Canada-South Korea defense ties Bill Carney NATO submarine procurement $60B defense contract

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