TKMS achieves record €18.5 billion order backlog as spin-off paves way for independence

By Defence Industry Europe

German shipbuilding company thyssenkrupp Marine Systems (tkMS) is likely to submit a bid for a project to supply six submarines to the Indian Navy, according to German Defence Minister Boris Pistorius.
212A class submarine. Photo: TKMS.

In the second quarter, TKMS reinforced its position as a “maritime powerhouse” with a significant rise in new orders. This was driven by a contract extension for two submarines for Singapore and one of the largest service contracts in the company’s history with the German Navy.

 

As of 30 June 2025, TKMS’s order backlog stood at a record level of €18.5 billion. The company stated it therefore expects capacity utilisation to continue until the 2040s.

Sales increased compared with the previous year through progress in newbuild projects as well as in the service and naval electronics sectors. With shareholder approval from thyssenkrupp AG for the spin-off of a minority stake, TKMS marked an important step toward becoming an independent, listed system provider in the maritime defence market.

 

 

A “Capital Markets Day” is planned for the end of September to present the independent company and its prospects. The listing of TKMS AG & Co. KGaA in the Prime Standard of the Frankfurt Stock Exchange is targeted for this calendar year, with the spin-off intended to strengthen financial independence and open new avenues for growth and innovation.

With full steam ahead, TKMS said it is ready to shape the future of maritime defence.

 

 

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