The Canadian government has narrowed the field in its Canadian Patrol Submarine Project (CPSP), naming South Korea’s Hanwha Ocean and Germany’s Thyssenkrupp Marine Systems (TKMS) as the „qualified suppliers” for the massive procurement. The project aims to replace the Royal Canadian Navy’s aging Victoria-class submarines with up to a dozen new vessels.
Significant Investment in Naval Capabilities
With a reported price tag of $60 billion CAD ($43.5 billion USD), the CPSP represents a substantial investment in Canada’s naval capabilities. According to Stephen Fuhr, Secretary of State for Defence Procurement, these „advanced submarines will give our Navy the confidence and capabilities to respond effectively to emerging threats, while creating opportunities for Canadian industry.”
Timeline for Delivery
Canada plans to keep its current Victoria-class submarines operational until the mid-to-late 2030s to ensure a seamless transition. The first of the new submarines is expected to be delivered by 2035. „As part of the next steps, Canada will conduct in-depth engagements with the 2 qualified suppliers to continue to advance the procurement process,” the government stated.
Hanwha’s Aggressive Bid
Hanwha Ocean has expressed enthusiasm about its selection and is offering its KSS-III Canadian Patrol Submarine. In a statement, the company claimed it could deliver four KSS-III CPS vessels before 2035, fully replacing the existing Victoria-class fleet. Hanwha argues that early retirement of the Victoria-class would save approximately $1 billion in maintenance and support costs. The company proposes delivering the entire fleet of 12 submarines by 2043 at a rate of one per year.
Other Bidders React
Numerous shipbuilders from Europe and Asia had expressed interest in the program. Saab, the Swedish company that offered its C71 ‘Expeditionary’ submarine, stated it respects Canada’s decision and will continue to deliver for the Canadian Armed Forces on ongoing programs.
Strategic Importance
„Today, Canada takes another step toward acquiring next-generation submarines for the Royal Canadian Navy,” said David McGuinty, Minister of National Defence. „This is about defending our sovereignty, protecting Canadians, and ensuring our armed forces have the tools they need. Through the Canadian Patrol Submarine Project, we are strengthening alliances, diversifying defence partnerships, and creating opportunities for Canadian industry.”
