South Korea jostles with Germany for US$39 billion Canadian submarine deal

AI Summary

South Korea and Germany are competing to win Canada's submarine contract worth US$39.14 billion. The contract involves replacing the Royal Canadian Navy's aging submarines with 12 new diesel-electric vessels and includes long-term maintenance.

The South Korean government and defence players are making last-ditch efforts to win Canada’s next-generation submarine project worth up to 60 trillion won (US$39.14 billion), as Ottawa is expected to select a preferred bidder by the end of this month. Under the Canadian Patrol Submarine Project, the Royal Canadian Navy’s ageing fleet of four Victoria-class submarines will be replaced with 12 new 3,000-tonne diesel-electric vessels. The comprehensive contract includes long-term maintenance,...