Boom in the defense industry: Thyssenkrupp's marine division TKMS could benefit

Good opportunities Thyssenkrupp's marine division wins a submarine deal with Canada

2025-09-03 Source: dpa 1 min Reading Time

The defense industry is currently flourishing like it hasn't for a long time. This also applies to the naval sector. TKMS, the naval division of Thyssenkrupp, is perhaps benefiting from this once again ...

Will Canada opt for the German-built, non-nuclear 212CD submarine from TKMS? The chances are good, because there is only one competitor ...(Image: TKMS) — Will Canada opt for the German-built, non-nuclear 212CD submarine from TKMS? The chances are good, because there is only one competitor ...
(Image: TKMS)

The German defense company Thyssenkrupp Marine Systems (TKMS) is one of two companies on the shortlist for the planned purchase of several submarines, Canadian Prime Minister Mark Carney announced after a meeting with German Chancellor Friedrich Merz in Berlin. Accordingly, Carney announced a visit to TKMS in Kiel. In October, he plans to visit the rival supplier from South Korea, according to reports.

According to its own information, TKMS is the world market leader for non-nuclear submarines. Germany and Norway have already jointly ordered ten 212CD class submarines from the company. The Canadians may want to join this German-Norwegian initiative. Merz commented that such a standardization of systems would be a very strong signal for joint security of the North Atlantic. It now remains to be seen whether this will actually happen.

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