Oliver Burkhard, CEO of TKMS (Thyssenkrupp Marine Systems), speaks at a news conference at the Embassy of Germany in Ottawa, on Monday, July 6, 2026. Germany's TKMS has been chosen as the preferred bidder to supply the navy's next fleet of submarines, over South Korea's Hanwha. THE CANADIAN PRESS/Justin Tang
Real work ‘begins now,’ says TKMS CEO after being named preferred sub bidder
Jul 7, 2026 | 1:00 AM
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OTTAWA — Prime Minister Mark Carney on Monday named German defence manufacturer TKMS as the preferred bidder to supply the Royal Canadian Navy’s next fleet of submarines, though the company’s CEO says the real work “begins now.”
Part of the next phase of negotiations with TKMS will be nailing down details of the industrial benefits promised for Canada.
The government is planning to buy up to 12 submarines, and Ottawa aims to have a contract inked by the end of 2027.
Speaking to reporters in Ottawa on Monday, TKMS CEO Oliver Burkhard said the selection process was quick and that he hopes to see negotiations wrap up quickly as well, adding that doing so by the end of 2026 would be “outstanding.”
