BERLIN - Government officials say Canada has narrowed down its shopping list for its next fleet of submarines to those made by a German and a South Korean supplier.

Canada plans to replace its current fleet of four aging submarines over the next decade with up to 12 new subs.

Ottawa says Germany’s Thyssen Krupp Marine Systems, or TKMS, and South Korea’s Hanwha Ocean Co. are the two best qualified suppliers for that job.

Prime Minister Mark Carney is in Germany today meeting with Chancellor Friedrich Merz and is scheduled to visit the TKMS facility later in the day.

A Canadian government official who gave a briefing to reporters on Carney’s trip says Canada is looking for an economic return from the company it chooses for the submarines, potentially in the form of maintenance contracts.

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