Submarine companies reach deadline to submit proposals as Canada decides on new fleet
BNN Bloomberg
The competition to build the Canadian navy’s next fleet of submarines is heading into a new phase after a deadline for both finalists to submit their final proposals to the federal government on Monday.
Canada is planning to buy a fleet of up to 12 conventionally powered submarines with the hope of having the vessels in the water by 2032.
The multibillion-dollar procurement is happening at an accelerated pace as the Royal Canadian Navy’s aging Victoria-class submarines are set to retire in the next decade.
The two bids are from South Korea’s Hanwha Oceans and ThyssenKrupp Marine Systems, or TKMS, in a bid that includes Germany and Norway.
Stephen Fuhr, the secretary of state for defence procurement, said in February that Ottawa will likely announce a winner this year.
The Liberal government has also made it clear that its decision will rest in part on which proposal provides the most economic and industrial benefits in Canada.
Iran’s Supreme Leader Ayatollah Mojtaba Khamenei says that the leverage of closing the Strait of Hormuz should be used and that Iran’s attacks on Gulf Arab neighbours will continue. His first statement since his appointment was read on state television Thursday by a news anchor.
Prime Minister Mark Carney is again heading overseas, this time to Norway to observe NATO Cold Response exercises as Canada deepens ties with Nordic countries.
The Canadian Security Intelligence Service says the threat level in Canada from Iran or its proxies has not changed since the war in Iran began nearly two weeks ago, while adding that threat-related activities are “likely to continue.”
Ottawa is letting an unnamed automaker import a higher quota of U.S.-made vehicles without tariffs because the company is selling and making more cars in Canada than first expected.
World shares tumbled on Monday, with Japan’s benchmark Nikkei 225 index plunging more than 5%, after oil prices spiked at nearly $120 a barrel, casting a shadow over economies heavily dependent on imports of oil and gas from the Middle East.
Prime Minister Mark Carney announced Sunday the date for three upcoming byelections.
The price of oil surged higher and showed no signs of halting its rapid climb a week after the U.S. and Israel launched major attacks on Iran that escalated into a war in the Middle East.
Scott Moe says Canada needs to separate its trade talks from its national security concerns when dealing with certain countries if it is serious about diversifying trading partners beyond the United States.
Prime Minister Mark Carney has landed in Japan on the final stop of a 10-day trip that also included Australia and India.
Prime Minister Mark Carney has landed in Japan on the final stop of a 10-day trip that also included Australia and India.
Prime Minister Mark Carney has landed in Japan on the final stop of a 10-day trip that also included Australia and India.
Prime Minister Mark Carney has landed in Japan on the final stop of a 10-day trip that also included Australia and India.
As Iran continued to exchange airstrikes with Israel and U.S. bases on Thursday, Canada’s top military commander said its Armed Forces are in talks to possibly help defend Persian Gulf states against bombing from Iran.