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TKMS CFO Paul Glaser says the diplomatic tension between Canada and the US could benefit the German shipbuilder’s bid for a multi-billion euro submarine contract. As Ottawa seeks closer ties with Europe, Glaser believes the crisis in Greenland—heightened by US foreign policy—may strengthen TKMS’s position against competitors like South Korea’s Hanwha Ocean and Sweden’s Saab. Canada is pursuing a program to build 12 diesel-electric submarines to replace its aging fleet, a project likely to cost tens of billions of dollars. Glaser emphasized the strategic timing of the deal as Canada diversifies beyond its traditional defense partnerships. (Sources: Bloomberg & Reuters)
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