TKMS Pursues Major Submarine Contract in Canada and New Frigates for Germany
TKMS is pursuing a multi-billion dollar contract to supply up to twelve modern submarines to the Canadian Navy, negotiating an economic package with partners in Norway and Germany. Additionally, the German Bundeswehr plans to acquire at least three MEKO A-200 frigates, with 7.8 billion euros allocated for procurement. The company, which recently joined the MDAX, controls approximately 70% of NATO's conventional submarine fleet, enhancing its competitive position in future projects.
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TKMS is targeting a potential multi-billion dollar submarine contract in Canada, aiming to supply up to twelve modern submarines to the Canadian Navy. The company is negotiating an extensive economic package involving offset obligations with Norwegian and German partners.
Concurrently, the Bundeswehr plans to purchase at least three MEKO A-200 frigates, with 7.8 billion euros already approved for procurement. In Brazil, the Tamandaré program has entered full production with four ships under construction.
TKMS recently joined the MDAX, signaling increased market capitalization. The company controls about 70% of NATO's conventional submarine fleet, strengthening its position for future projects.
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