‘Toughest experience’ of my life: TKMS CEO on past year vying for sub contract
OTTAWA — The last time TKMS CEO Oliver Burkhard stepped onto a flight to Canada, he wasn’t sure if he was about to win a multi-billion dollar contract, or leave the country empty handed.
The German company, chosen this summer as the preferred bidder for the Canadian navy’s next fleet of submarines, is not new to such nerve-racking contests. It has long supplied conventional submarines to NATO alliance members.
In an interview in Ottawa on Monday, though, Burkhard said Ottawa’s “light speed” naval procurement put him, and the company, through “quite a wild ride” to win what will be its largest contract ever. That is, assuming negotiations over the coming months conclude in its favour.
The firm learned a year ago it would have to fight South Korean rival Hanwha for the massive Canadian naval contract on a tight timeline. TKMS also held an initial public offering just a few months later, a major event and difficult time to shepherd any company through.


