Submarine Companies Reach Deadline to Submit Proposals as Canada Decides on New Fleet

South Korea Prime Minister Kim Min-seok (C), Prime Minister Mark Carney (2nd R), and National Defence Minister David McGuinty (R) are given a tour of the Hanwha Ocean Shipyard in Geoje Island, South Korea, on Oct. 30, 2025. The Canadian Press/Adrian Wyld

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.