How France pocketed $25 billion while Canada failed. In 2025, Canada launched the largest submarine program in its history to replace its four Victoria-class submarines, vessels purchased second-hand from the British Royal Navy in 1998 that had spent more time in repair than at sea. One submarine burned in the Atlantic, a sailor died, and $715 million was spent repairing a single hull. Five manufacturers responded, including Naval Group with the Blackfin Barracuda, a direct derivative of the Suffren. Ottawa eliminated France in favor of TKMS and Hanwha Ocean, two companies neither of which has yet built the proposed submarine. Meanwhile, Naval Group swept up contracts with the Netherlands, Argentina, Indonesia, and India, reaching a €32 billion order book. Discover why France chose its secrets over a contract and why this choice brought it far more than it lost.

Source: How France raked in 25 billion while Canada failed