TKMS wins Canada's sub slashing Sault hopes | CTV News Northern Ontario at Six for July 6, 2026

Canada selected German shipbuilder TKMS over South Korean competitors for its new submarine fleet, with NATO connection and Arctic operability being key differentiating factors. This decision had significant economic implications for Sault Ste. Marie, where a local steelmaker had signed a $345 million deal with the South Korean shipbuilder, including $275 million for a structural beam mill investment. The case illustrates how major defense procurement decisions can directly impact regional economic development and industrial diversification, with communities advocating for economic opportunities tied to government contracts.