German Submarine Bid Promises Massive Economic Boost and Jobs
Should Canada opt to purchase the German-made Type 212CD submarine, an estimated 50,000 jobs could be created over the next five years. This potential economic boost includes an $86-billion contribution to Canada’s GDP and over 654,000 job-years of employment, stemming from investments by the German government and ThyssenKrupp Marine Systems (TKMS). The proposal also outlines the establishment of two maintenance facilities on Canada’s coasts, manufacturing centers for torpedoes and anti-torpedo systems, and the potential for a hypersonic missile facility. Beyond military contributions, the German government proposes significant investments in Canadian infrastructure, including the Port of Churchill and a carbon capture facility in Alberta.
John Q. Hosedrinker