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German, South Korean firms scramble to outbid each other on benefits of submarine deal

Brookfield Used Subs For Sale Or Lease

Both companies competing to build Canada’s new fleet of submarines are engaged in a battle of deal-signing this week, looking to convince the federal government and the public they’re serious about creating jobs in this country.

Germany’s ThyssenKrupp Marine Systems (TKMS) has signed an agreement with Vancouver’s Seaspan Shipyard to establish a maintenance facility for the new submarines should the federal government select its Type-212CD as the replacement for the navy’s aging Victoria-class boats.

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