Submarine maker TKMS hits record $22 billion order backlog, raises sales outlook

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FRANKFURT/DUESSELDORF, Feb 11 : German submarine maker TKMS reported a $22 billion order backlog - a new record - and raised its 2026 sales outlook on Wednesday, citing a boost in demand for warships at a time of rising geopolitical tensions. Like many of its peers, TKMS has been riding a surge in investor demand for shares in defence companies triggered by the war in Ukraine as well as U.S. pressure on Europe to step up its military capabilities. That boost was among former parent Thyssenkrupp'

Submarine maker TKMS hits record $22 billion order backlog, raises sales outlook https://www.channelnewsasia.com/ - 11.02.2026 09:54

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Submarine maker TKMS hits record $22 billion order backlog, raises sales outlook https://www.channelnewsasia.com/ - 11.02.2026 09:54