Germany

In December 2024, Germany's Bundestag budget committee has approved funding for the construction of six Type 127 air defence frigates, including five confirmed vessels and an option for a sixth. These advanced ships will replace the three Sachsen-class (Type 124) frigates commissioned between 2004 and 2006, which are set to be retired in the early 2030s.

TKMS order backlog hits record €18.7 billion as leading German shipbuilder upgrades sales outlook for 2025/26

  The company said sales remained broadly stable at €545 million, compared with €550 million in the same period a year earlier, reflecting project progress across existing programmes. Adjusted EBIT was unchanged at €26 million, while the adjusted EBIT margin edged up to 4.8% from 4.7% in the prior-year quarter. Free cash flow amounted to

TKMS order backlog hits record €18.7 billion as leading German shipbuilder upgrades sales outlook for 2025/26 Read More »