German Chancellor Olaf Scholz said the submarine deal with Canada will generate orders worth tens of billions of euros for German shipyards, according to Israeli media reports.
Germany's Chancellor Olaf Scholz said on Wednesday that the submarine deal with Canada will generate orders worth tens of billions of euros for German shipyards. The statement was reported by Israeli media outlet N12.
As The Zioneer reported on July 6, Canada selected German shipbuilder ThyssenKrupp to supply up to 12 submarines in a deal valued at up to $100 billion. The deal is seen as a major boost for Germany's defense industry. Scholz's remarks confirm the economic scale of the procurement.
The submarine deal is part of Canada's efforts to modernize its naval fleet. No further details were provided by the chancellor.
- DevelopingCanada chooses German ThyssenKrupp for submarine fleet, deal valued up to $100 billion
- DevelopingGerman Chancellor Merz says European nations understand they must do more within NATO
- DevelopingEliad Shraga stands by claims Netanyahu profited from submarine affair
- DevelopingGerman chancellor Merz says US-Iran deal will hold because Tehran 'has no choice'
Source and signal
A single-sourced dispatch is never rated Confirmed or Strong. Its Signal strengthens only when a second, independent source corroborates it.
- Internal intake