Canada has narrowed its selection for a major submarine procurement program to two international shipbuilders: Germany's ThyssenKrupp Marine Systems (TKMS) and South Korea's Hanwha. The decision excludes France's Naval Group and Spain's Navantia from the competition for a contract valued at over 43.4 billion Canadian dollars to build up to twelve submarines. The Canadian government is aiming to acquire new submarines capable of protecting its Arctic interests. The procurement process reflects Canada's strategic focus on enhancing its naval capabilities in the Arctic region. Meanwhile, German shipbuilder Lürssen recently showcased a new frigate design at the Danish DALO Industry Days 2025, highlighting ongoing advancements in European naval technology.