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Canada Signs Multibillion-Dollar Deal to Buy 12 German Submarines
The Guardian·Tuesday, 7 July 2026
Canadian Prime Minister Mark Carney announced that German consortium TKMS has won the contract to build 12 new submarines for Canada, beating out a South Korean rival. The deal is one of Canada's largest-ever defence contracts and comes just before a key NATO summit.
Why It Matters
A submarine deal of this scale reshapes NATO's undersea capabilities and signals that Western nations are investing heavily in military hardware amid rising global tensions.
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