Canadian Prime Minister Mark Carney will announce on Monday the preferred bidder in a contract to build 12 submarines for Canada’s navy, according to the Globe and Mail.
The announcement will be made before Carney heads to a NATO leaders’ summit scheduled for Tuesday and Wednesday in Turkey.
The two contenders for the contract are Thyssenkrupp Marine Systems (TKMS), a German-Norwegian partnership, and South Korean shipbuilder Hanwha Ocean.
Canada has hit NATO’s military spending target of 2% of GDP earlier than originally planned and is also aiming to announce around 10 founding nations for a global defense bank at the NATO summit.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
