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Canada likely to name submarine winner ahead of NATO summit

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·Ottawa is expected to choose between Hanwha Ocean and Germany’s TKMS on Monday in a multibillion-dollar contest for up to 12 submarines.

·Canada will announce the winner of the Canadian Patrol Submarine Project (CPSP), a mega-sized initiative to build up to 12 submarines, on Monday, Canadian local time, with Korea's Hanwha Ocean and Germany's TKMS vying for the fierce contest.

·Both Korean and Canadian media outlets reported that Canadian Prime Minister Mark Carney is expected to unveil the decision in Halifax before departing for the NATO leaders' summit in Turkey, which begins Tuesday.

·The announcement will likely name a preferred bidder rather than guarantee a signed contract, with negotiations potentially taking years to finalize, Carleton University professor Philippe Lagassé told the newspaper.

·Ottawa has said both sumbarines, Hanwha Ocean's KSS-III Batch II and TKMS's Type 212CD, meet its requirements, leaving economic benefits as the deciding factor.