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The Latest Breaking News from TKMS

Canada to buy 12 hi-tech German submarines after bidding war

TKMS beats South Korean rival to multibillion-dollar contract that will deepen Canada’s Nato ties

The Guardian - UK

German naval ambitions suffer setback as warship order axed

Germany on Wednesday pulled the plug on its largest naval order in decades after the anti-submarine warship project suffered delays, a setback for the country's ambitions to overhaul its military. Germany ordered four F126 anti-submarine frigates in 2020 from Dutch group Damen Navel, with the price set at 10 billion…

The Economic Times

Global Markets | European shares hold flat on US-Iran talks; Rheinmetall slides

European markets saw a flat opening as investors weighed U.S.-Iran talks. Defence giant Rheinmetall plunged on reports of Germany scrapping a major warship project, though rival TKMS surged. Real estate stocks gained, led by Segro after a buyout bid. Tech shares steadied after recent losses, with chipmakers showing modest gains.…

The Economic Times

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Rheinmetall sinks as Germany axes mega-warship project after spending €2.3bn

Rheinmetall shares fell sharply after Berlin scrapped its F126 frigate programme, a project that has already cost taxpayers around €2.3bn.

Euronews

Gold falls from new record, European markets show signs of recovery

European markets bounced back from recent weakness on Tuesday morning amid persistent geopolitical uncertainties.

Euronews

Thyssenkrupp Spins Off Warship Unit To Tap Defence Boom

Shares in Thyssenkrupp's naval unit surged Monday as it was spun off from the German industrial giant, highlighting the buzz around European defence firms as the continent rearms amid a growing Russian threat.

International Business Times

Field evaluation of bids for Navy’s mega submarine deal underway; German govt. to acquire stake in TKMS

German government to take stake in TKMS for Indian Navy's Project-75I submarine deal, enhancing defence cooperation.

The Hindu

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DPSU MDL and German TKMS team up to bid for Navy’s mega submarine deal

The P-75I is being executed under the Strategic Partnership model of Defence Acquisition Procedure

The Hindu

Submarine deal with India could become a flagship project, says German Defence Minister

India and Germany discussed the progress of a deal for the procurement of six advanced conventional submarines by the Indian Navy under Project-75I, visiting German Defence Minister Boris Pistorius said on his talks with Defence Minister Rajnath Singh while making a strong pitch for German company Thyssenkrupp Marine Systems (TKMS).

The Hindu

Germany to pursue $5.2 billion submarine deal with India during Scholz trip - sources

Germany will pursue a $5.2 billion deal with India to jointly build six conventional submarines in the country during Chancellor Olaf Scholz’s Feb. 25-26 visit, two Indian and two German sources said.

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