Germany views Canadian submarine order as economic boon

TKMS said the whole proposal would generate total economic activity of CA$167 billion ($118 billion) across Canada and create more than 650,000 jobs over the coming decades.

Chief Executive Oliver Burkhard said the submarines would be built in Germany, also benefitting the German economy.

"This is a signal for this location as a whole, for made in Germany: that we prevailed in a tough international competition of this scale speaks for our engineering skill, for our manufacturing expertise, for the know-how, and for what can be done at the sites here," Klingbeil said.