TKMS CFO Says Greenland Crisis Could Help Deal For Canada Subs
The submarine HMCS Corner Brook, right, at the Defence on the Dock event in Victoria, British Columbia, Canada.
Photographer: James MacDonald/BloombergTKMS AG& Co KGaA Chief Financial Officer Paul Glaser said the crisis unfolding over Greenland might help the company’s chances of winning a multi-billion euro submarine contract with Canada, as Ottawa considers a stronger relationship with Europe amid US tensions.
The German firm is one of two finalists for the tender to replace Canada’s aging submarine fleet. US President Donald Trump’s threats to take Greenland from NATO ally Denmark have Europe on edge, which could make a tighter relationship with the continent an attractive prospect for NATO member Canada.