Canada will get return on investment ‘multiple times over’ with $86-billion worth of GDP impact, says German sub maker
The feds have tied the submarine deal to its Industrial and Technological Benefits Policy, and the CEO of ThyssenKrupp Marine Systems says the baseline price of $24-billion for 12 vessels will come back to Canada more than three times over.
The German submarine company picked as the country's preferred bidder says it can return Canada's $24-billion purchase "multiple times over" through investments over the years, as negotiations for a final contract between the federal government and the supplier continue.
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