Carney bearing gifts

Retained excerpt

Prime Minister Mark Carney, right, German Chancellor Friedrich Merz, centre, and Norwegian Prime Minister Jonas Gahr Store examine a small model of a TKMS submarine before meeting in Ankara, Turkey. Carney bearing gifts On his way to the NATO summit in Ankara last week, Prime Minister Mark Carney stopped in Halifax to announce the largest defence procurement in Canadian history. Canada had picked Germany’s ThyssenKrupp Marine Systems as the “preferred bidder” to build up to twelve submarines, beating out its only rival, South Korea’s Hanwha Ocean and its KSS-III boat. The reported price is around $24 billion for the submarines themselves, and by some estimates as much as $100 billion once decades of maintenance, weapons and infrastructure are folded in. The 212CD is a joint German-Norwegian design, and both countries agreed to give up their own places in the delivery queue so that Canada’s first boats could arrive by 2034, with a final contract targeted for the end of 2027. NATO…

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