Historic Order

Canada Buys Twelve Submarines of the Type 212CD from TKMS

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The Order Volume is Estimated at Tens of Billions

Neither Canada nor TKMS provided details on the exact order volume. However, according to dpa information, the submarines alone, including servicing, are expected to amount to around 20 billion euros. Carney called it the largest procurement project in Canadian history. The submarines are said to be built entirely in Kiel and Wismar (Germany) and launched there. The company's order books were already well-filled even before this record order from overseas. The shipyard is benefiting from the consistently high demand for defense goods. In the first half of the fiscal year—from October 2025 to March 2026—the order backlog reached 20.6 billion euros (approx. $22.1 billion), which had already set a new record. With this, TKMS was already fully booked well into the 2040s.

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